A-shares midday review: The ChiNext Index surged 4.8% in the first half of the day, with the gold and AI industry chains all experiencing a full-scale breakout.

The three major A-share indices all rose collectively in the morning session, as of midday, the Shanghai Composite Index increased by 1.92%, the Shenzhen Component Index rose by 3.87%, the ChiNext Index gained 4.81%, and the Beijing Stock Exchange 50 rose by 3.51%. The total market turnover was 1,552.5 billion yuan, an increase of 474.6 billion yuan compared to the previous day’s turnover, with over 5,000 stocks rising across the market. In terms of sectors and themes, precious metals, AI applications, CPO, PCB, airports and shipping, cloud computing, commercial aerospace, and semiconductors led the gains; oil and gas extraction and services, coal mining and processing, and chemical raw materials sectors declined the most.

In the market, the temporary ceasefire between the U.S. and Iran took effect, boosting market risk appetite. Hardware stocks such as CPO and PCB surged collectively; Zhongji Xuchuang hit a new intraday high, and more than ten stocks including Cambridge Technology and Guanghe Technology hit the daily limit. Gold stocks followed international gold prices higher, with Western Gold hitting the daily limit, and Xiaocheng Technology and Hunan Silver also rising. AI application concept stocks also performed strongly, with BlueFocus 20cm hitting the daily limit, and more than ten stocks including Zhejiang Wenhulian and Decai Shares hitting the daily limit.

Additionally, multiple sectors such as semiconductors, commercial aerospace, and computing power leasing rose. On the other hand, after the U.S. and Iran ceasefire, international oil prices plummeted sharply, causing oil and gas stocks to fall; Zhongman Petroleum, Beiken Energy, and Blue Flame Holdings all hit the daily limit during trading, while China National Offshore Oil Corporation and Zhunyou Shares saw the largest declines.