Midday Report: The Shanghai Composite Index rose by 0.49% in the first half of the day, with major commodities such as metals and oil and gas resources leading the way with a surge in limit-up.

In the early trading session, the three major indexes showed mixed movements. By noon, the Shanghai Composite Index rose by 0.49%, the Shenzhen Component Index rose by 0.09%, the ChiNext Index fell by 0.37%, and the SZSE Component Index rose by 0.05%. The total turnover of the Shanghai, Shenzhen, and Hong Kong markets reached 1.93 trillion yuan in the morning session, an increase of 40.2 billion yuan from the previous day. Over 3,500 stocks in the entire market declined. In terms of sector themes, the top gainers included gold, non-ferrous metals, oil and gas, chemical industry, coal, agriculture, real estate, securities, port and shipping, copper cable high-speed connection, and cloud computing sectors. The top decliners included photovoltaic equipment, biological vaccines, lithography machines, military equipment, education, and PEEK material concept stocks. On the market, the international gold price exceeded $5200, leading to a surge in the gold and non-ferrous metal sectors. Silver and non-ferrous metals had seven consecutive daily limit ups, while China Gold had four consecutive daily limit ups. Oil prices rose on Tuesday, leading to a simultaneous strengthening of the oil and gas sector, with China National Offshore Oil Corporation hitting a new high by rising more than 7% intraday, while PetroChina and Sinopec also recorded decent gains. The official announcement of Google Cloud raising prices boosted the cloud computing sector, with Meiliyun hitting the limit up. In addition, the chemical industry, semiconductor, and grain crop stocks also performed well. On the other hand, most of the photovoltaic equipment sector experienced a pullback, with Opple and Mai Wei leading the decline. The biological vaccine sector continued to adjust, with Zhejiang Cima and Yongshun Biotech among the top decliners.