Midday Review: The ChiNext Index opened lower and fell by 3.47%. Traditional industries such as precious metals and chemicals rose against the market trend.

As of midday, the Shanghai Composite Index fell by 0.9%, the Shenzhen Component Index fell by 2.09%, and the ChiNext Index fell by 3.47%. However, the Beixin 50 Index rose by 2.79%. The precious metals sector saw an increase, with Zhaoyin Gold, Shangjin International, and Chifeng Gold all hitting their daily limit up. Western Gold, Zhongjin Gold, Xiaocheng Technology, Shandong Gold, and Zijin Mining also followed suit. The Hainan Free Trade Zone concept defied the trend and rose, with Hainan Haiyao hitting its fourth consecutive daily limit up. Haima Automobile, Xinlong Holdings, and Hainan Ruizhe also hit their limit up, while New Continent A, Hainan Mining, China Rare Earth, Shuangcheng Pharmaceutical, and Kangzhi Pharmaceutical all rose as well. The rare earth permanent magnet sector fluctuated but strengthened, with Zhejiang SanXing and Oriental Zirconium hitting record highs during the day. Chifeng Gold hit its daily limit up, while Dadi Xiong rose by over 10%. Ruichen Environmental Protection, Ningbo Yunsheng, Benlong New Materials, Jinli Permanent Magnet, and Hanghua Stock followed suit. The storage chip sector continued to weaken, with Beifang Huachuang hitting its limit down. Zhongke Feice, Micro-Nano Tech, Kema Technology, Huahai Clean Technology, and Shengong Stock all fell by over 10%, while Deepblue Technology, Saint First Information, Jiangfeng Electronics, and Lihe Xing all followed suit. The component sector opened low and continued to fall, with Dongshan Precision hitting its limit down. Sanhuan Group, Fenghua High-Tech, Sihui Fushi, Farah Electronic, and Yibo Technology all followed suit.