October 29th Midday Review: The ChiNext Index rose 1.35% in half a day, with the Hainan Free Trade Zone and brokerage stocks collectively strengthening

The market fluctuated and strengthened in the morning, with the Shanghai Composite Index returning above 4,000 points, and the ChiNext Index rising over 2% at one point. The Hainan Free Trade Zone sector surged, with Hainan Development and HDCM hitting the daily limit. The quantum technology concept was repeatedly active, with Tianrongxin and Shenzhou Information also hitting the limit. Brokerage stocks collectively strengthened, with Huatai Securities and State Grid Yingda hitting the daily limit. On the downside, bank stocks fell, with Chengdu Bank dropping over 5%. Most individual stocks declined, with about 3,300 stocks in the Shanghai, Shenzhen, and Beijing markets in the red, and a total transaction volume of over one trillion in the morning session. At the midday close, the Shanghai Composite Index rose 0.37%, the Shenzhen Component Index rose 0.9%, and the ChiNext Index rose 1.35%