STOCKS | China A-Shares Slide at Midday as Precious Metals Rally

China’s A-share market fell by midday after opening lower across major indexes, while the precious metals sector rose against the broader decline. According to Jin10, the three main A-share indexes opened lower in the morning session, and the ChiNext Index briefly sank more than 4% early in trading before the market rebounded in choppy moves. By the midday close, the Shanghai Composite Index was down 0.9%, the Shenzhen Component Index fell 2.09%, and the ChiNext Index dropped 3.47%. Turnover across the two markets exceeded 2.2 trillion yuan. More than 2,000 stocks declined. Sector performance was mixed. Precious metals stocks surged, with Xianglu Tungsten, Chifeng Jilong Gold Mining, Zijin Mining Group’s Zhaojin Mining unit, and Shandong Gold International hitting their daily limit-up levels. The humanoid robot theme was active, with more than 10 constituent stocks also reaching limit-up. In other areas, the advanced packaging theme continued to recover during the session. Semiconductor equipment stocks remained under pressure, while computing power hardware names fell broadly. Glass substrates and memory chip-related sectors were among the biggest decliners.