The Shanghai Composite Index fluctuated within a narrow range throughout the day, while the ChiNext Index fell over 1%. Power stocks surged against the trend, with nearly 10 stocks including SHAONENG, DHEP, and Shimao Energy hitting the daily limit. The concepts of cross-border payments and stablecoins were repeatedly active, with multiple stocks including Zhongyi Technology, Jingbeifang, and Xinya Da also hitting the daily limit. Real estate stocks saw intraday gains, with Yukaifa, Shahe Co., and Nanshan Holdings hitting the daily limit. On the downside, the innovative drug concept rose sharply before retreating, with Kexing Pharmaceutical falling over 15%. More stocks rose than fell, with over 3,200 stocks in the Shanghai, Shenzhen, and Beijing markets in the green, and today's trading volume exceeded 1.22 trillion. By the close, the Shanghai Composite Index rose 0.02%, the Shenzhen Component Index fell 0.7%, and the ChiNext Index fell 1.21%