Midday Report: Stock index opened higher in the morning but then declined. The defense industry sector collectively pulled back.

The index opened high in the morning and then dropped, with the ChiNext and Shenzhen Component Index turning down in midday trading. In terms of sectors, solar stocks were strong in the morning, with companies like Tongwei Co., Ltd., JA Solar Technology, and Xinjiang Goldwind Science & Technology Co., Ltd. hitting their daily limit up; the shipping sector was active, with Ningbo Marine Shipping hitting the limit up; bank stocks were volatile and strong, with Shanghai Bank and Chongqing Bank leading the gains; defense stocks collectively pulled back, with Aerospace Communications and China Everbright Aviation leading the declines; non-ferrous stocks were weak, with Yi'an Technology leading the declines; the rare earth permanent magnet concept was weak, with Huawu Co., Ltd. leading the declines. Overall, individual stocks fell more than they rose, with over 3400 stocks falling. As of the midday close, the Shanghai Composite Index was at 3371.86 points, up 0.08%; the Shenzhen Component Index was at 10276.61 points, down 0.24%; and the ChiNext Index was at 2059.88 points, down 0.23%. On the market, solar equipment, silicon energy, and internet e-commerce sectors led the gains, while the China Shipbuilding Industry, defense equipment, and aviation engine sectors led the declines.