March 16th Midday Review: Shanghai Composite Index fell 0.71% in half a day, storage chips and marine economy concepts strengthened against the trend

The market experienced fluctuations and adjustments in the morning, with the Shanghai Composite Index and the Shenzhen Component Index both dropping over 1% during the session. The marine economy concept rose against the trend, with stocks such as Oriental Ocean, UNIFULL, and SK hitting the daily limit. The storage chip sector surged again, with Netac and TJ reaching the daily limit, and Biwin rising over 8% to set a new high. On the downside, the precious metals sector fell, with Shanjin International and Western Gold dropping over 7%. Most individual stocks declined, with nearly 3,500 stocks in the Shanghai, Shenzhen, and Beijing markets showing losses, and the morning trading volume reached 1.52 trillion yuan. At the midday close, the Shanghai Composite Index fell 0.71%, the Shenzhen Component Index fell 0.7%, and the ChiNext Index rose 0.18%