Midday Review: The Beijing Stock Exchange 50 Index surged over 3% in the first half of the day, with strong performance in AI application sectors such as film and media

The three major indices collectively fell in early trading. As of the midday break, the Shanghai Composite Index dropped 0.63%, the Shenzhen Component Index fell 0.62%, and the ChiNext Index decreased by 1.49%, while the Beijing Stock Exchange 50 rose by 3.43%. The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 1.5792 trillion yuan, an increase of 20 billion yuan compared to the previous day. Over 3,800 stocks in the market rose. In terms of sectors, the film and television industry, AI corpus, innovative drugs, batteries, Hainan Free Trade Zone, and gaming sectors saw the largest gains; while storage chips, insurance, CPO, rare earth permanent magnets, coal mining and processing, and controllable nuclear fusion sectors experienced the largest declines. On the market, AI corpus, Sora concept, and other AI application directions strengthened, with FS Holdings, 360 Security Technology Inc., and Aorui De hitting the daily limit, while Zhongwen Online, Yidian Tianxia, and Huace Film & TV saw significant gains. The battery sector remained active, with Hunan Yuneng hitting a new high during the session, Tianji Co., Ltd. achieving two consecutive limits, and Enjie Co., Ltd. hitting the daily limit. Innovative drug concept stocks strengthened during the session, with Sunshine Guojian Pharmaceutical hitting the daily limit, and Angli Kang, Asia-Pacific Pharmaceutical, and Lianhuan Pharmaceutical also reaching their limits. On the other hand, most computing hardware stocks retreated, with Shenghong Technology, Tianfu Communication, Industrial Fulian, Zhongji Xuchuang, Xinyi Sheng, and Shengyi Technology falling over 5%. The storage chip sector also fluctuated and retreated, with Jiangbolong, Yunhan Xincheng, Lanqi Technology, Zhaoyi Innovation, and Purun Co., Ltd. experiencing significant declines