The Shanghai Composite Index stabilized and rose slightly by 1 point, while the ChiNext Index increased by 0.7% throughout the day, with robot concept stocks surging

The China-U.S. economic and trade talks concluded after two consecutive days in Madrid, Spain. He Lifeng, the Chinese head of the China-U.S. economic and trade talks and Vice Premier of the State Council, stated that China is unwavering in its determination to safeguard its legitimate rights and interests and will resolutely protect national interests and the legitimate rights and interests of overseas Chinese-funded enterprises. Regarding the TikTok issue, China will conduct technology export approvals in accordance with laws and regulations. At the same time, the central government fully respects the wishes of overseas Chinese-funded enterprises and supports them in engaging in equal commercial negotiations with partners based on market principles.

The three major A-share indices were weak in the morning session but stabilized in the afternoon. The Shanghai Composite Index closed at 3,861 points, up 1 point or 0.04%, with a turnover of 989.8 billion yuan; the Shenzhen Component Index closed at 13,063 points, up 58 points or 0.5%, with a turnover of 1.35 trillion yuan; the ChiNext Index closed at 3,087 points, up 20 points or 0.7%, with a turnover of 638.2 billion yuan.

Domestic bank stocks showed mixed performance, with Industrial and Commercial Bank of China (601398.SH) up 0.3% and China Construction Bank (601939.SH) down 0.3%.

Domestic property stocks were favored, with Vanke (000002.SZ), Greenland (600606.SH), and Gemdale Corporation (600383.SH) rising between 1% and 2.5%.

In addition, CATL (300750.SZ) fell 0.4%. BYD's Yangwang U8L Ding Shi version was launched at a price of 1.28 million yuan, and BYD (002594.SZ) fell 0.8%. Technology stocks such as Cambricon (688256.SH) closed flat.

Robot concept stocks surged, with Sanhua (002050.SZ), IKD (600933.SH), and WXQC (000559.SZ) all hitting the daily limit