STOCKS | China A-Shares Fall at Midday as STAR 50 Rises More Than 3%

China’s major A-share indexes opened lower and weakened through the morning session, while the STAR 50 Index moved higher and rose more than 3% intraday. According to Jin10, by the midday close on June 10, the Shanghai Composite Index was down 0.58%, the Shenzhen Component Index fell 1.94%, and the ChiNext Index declined 2.29%. Chemical stocks advanced, with China National Chemical International, Hongbaoli, and Binhua Shares among those hitting their daily limit up. Helium-related names strengthened, with Heyuan Gas and Hangyang Co. also reaching limit up. Bank shares rose during the session, with Qingdao Bank up more than 4%, and China Construction Bank hitting an intraday record high. Tourism and hotels, photoresist, liquor, insurance, and breeding-related sectors were also active. Decliners included coal, commercial aerospace, electronic components, reducers, photovoltaic equipment, and smart grid sectors. Turnover across Shanghai and Shenzhen totaled about 1.73 trillion yuan by midday, up about 116.4 billion yuan from the same period a day earlier. Around 1,100 stocks rose, while about 4,300 fell.