A-shares at noon | The Shanghai Composite Index rises slightly while the Shenzhen and ChiNext indices fall, with precious metals and cryptocurrencies gaining strength against the trend.

Market Overview On August 6, the three major A-share indices opened lower before rebounding at one point, with the ChiNext Index rising over 1% during the session, but then fluctuating downwards again. The market showed a mixed pattern of "indices rising and falling, with more individual stocks declining than gaining." As of the midday close, the Shanghai Composite Index was up 0.01% at 3,878.92 points; the Shenzhen Component Index was down 0.52% at 14,070.78 points; and the ChiNext Index was down 0.67% at 3,511.47 points. The Sci-Tech Innovation 50 Index fell 0.16%, and the BSE 50 Index dropped 0.38%. Over 3,700 stocks in the market declined, while about 1,700 stocks increased. The total trading volume in the market for the half-day was approximately 1.77 trillion yuan, an increase of about 62.6 billion yuan compared to the previous trading day. The net outflow of main capital in the market during the half-day was about 32.2 billion yuan. Market Summary On the rising side, the precious metals sector performed strongly, with Beijing Kingee Culture Development and Shengda Resources hitting the limit up for two consecutive days; the digital currency concept saw unusual upward movement, with Feitian Technologies hitting the daily limit up, and Hengbao Co., Ltd., Chutian Dragon, and Beijing Cuiwei Tower also reaching the limit up; the 6G concept strengthened during the session, with Tongyu Communication Inc. hitting the daily limit up and GHT Co., Ltd. rising 20% to the limit up; the coal mining and processing sector fluctuated upward, with Beijing Haohua Energy Resource hitting the limit up; the PCB concept saw a rebound, with Baoding Technology achieving four limit-up days in five, and Shenzhen Kinwong Electronic and Founder Technology Group also reaching the daily limit up. On the declining side, the automobile sector saw a downward fluctuation, led by BAIC BluePark New Energy Technology; the power and electricity grid sector adjusted collectively, with Ningxia Guoyun New Energy dropping over 4%, and Changlan Technology Group declining; the education and securities sectors weakened. Overall, capital is leaning towards precious metals, coal, and other defensive and resource sectors, while previously active sectors such as electricity and automobiles are experiencing profit-taking. Popular Sectors 1. Precious Metals Sector Shows Strong Performance The precious metals sector performed strongly, with Beijing Kingee Culture Development and Shengda Resources hitting the limit up for two consecutive days, and Zhaojin International Gold, Zhongjin Gold Corp., Ltd., and Chifeng Jilong Gold Mining among the top gainers. Commentary: On the news front, spot gold temporarily rose above $4,300 per ounce during the session, reaching a high not seen since June 18 of this year. Domestic gold jewelry prices also rose accordingly, with Lao Feng Xiang quoted at 1,293 yuan per gram, an increase of 56 yuan for the day; Lao Miao Gold quoted at 1,299 yuan per gram, up 63 yuan for the day; and CHOW SANG SANG quoted at 1,295 yuan per gram, up 58 yuan for the day. According to the China National Gold Group Gold Jewelry Association, the domestic gold ETF holdings reached 276.529 tons in the first half of 2026; as of the end of June, China's gold reserves stood at 2,346.45 tons, marking twenty consecutive months of gold accumulation. 2. 6G Concept Strengthened During Session The 6G concept showed strength during the session, with Tongyu Communication Inc. surging directly to the daily limit up just two minutes after opening, and GHT Co., Ltd. hitting a 20% limit up, along with Wuhan Fingu Electronic Technology and WG Tech (JiangXi) Group also closing at limit up. Commentary: On the news front, NVIDIA is accelerating its entry into the telecom operator market and is seeking collaboration with base station manufacturers in China to develop 6G base stations that meet overseas market requirements. NVIDIA believes that computing power will need to be transmitted from data centers to a massive number of AI terminals and users, ultimately relying on base stations for wireless transmission. Shenzhen Jiaxian Communication, mentioned in reports, is a company recently acquired by Tongyu Communication Inc.