Midday Review: The ChiNext Index fell 1.77% in the first half of the day, while gold stocks surged against the trend

The three major indices collectively fell in early trading. By the lunch break, the Shanghai Composite Index was down 0.29%, the Shenzhen Component Index was down 0.89%, the ChiNext Index was down 1.77%, and the Beijing Stock Exchange 50 Index was down 1.84%. The total trading volume in the Shanghai, Shenzhen, and Beijing markets was 1.3393 trillion yuan, a decrease of 342.2 billion yuan compared to the previous day. Over 4,000 stocks in the market declined. In terms of sectors, gold, non-ferrous metals, real estate, batteries, film and television media, and the automotive sector saw the largest gains; while medical services, photolithography machines, semiconductors, consumer electronics, and photovoltaic equipment sectors experienced the largest declines. On the market, international gold prices continued to hit new highs, leading to a collective surge in gold stocks, with nearly 10 stocks including Sichuan Gold, Western Region Gold, and Chifeng Gold hitting the daily limit. The real estate sector was active, with Shoukai Co., Ltd. achieving five consecutive limits, and Suning Universal and Huayi Family also hitting the daily limit. Solid-state battery concept stocks rose again, with Tianji Co., Ltd., Guoxuan High-Tech, and Tianci Materials leading the gains. The semiconductor sector adjusted downward, with SMIC's shares falling over 10% at one point after resuming trading. The photovoltaic equipment sector also saw some adjustments, with multiple stocks including Tongrun Equipment, Sungrow Power Supply, and Yubang New Materials declining