The market surged in the morning and then retreated, with all three major indices rising collectively. The rare earth permanent magnet concept continued to soar, with ZKCY, BGRIMM Tec, Huahong Technology, and Ningbo Yunsheng hitting the daily limit. The automotive industry chain strengthened collectively, with multiple stocks such as QuanFeng Automotive, DiShengLi, JinQilin, and YingLi Automotive hitting the limit. On the downside, the innovative drug concept faced adjustments, with LianHua Technology hitting the daily limit down. Most individual stocks rose rather than fell, with nearly 3,700 stocks in the Shanghai, Shenzhen, and Beijing markets in the green, and a total transaction volume of 810.1 billion in the morning session. At the midday close, the Shanghai Composite Index rose by 0.54%, the Shenzhen Component Index rose by 0.89%, and the ChiNext Index rose by 1.29%