As of the midday close, the Shanghai Composite Index fell 0.59% to 2946.63 points, the Shenzhen Component Index fell 1.59%, and the Chinext Price Index fell 1.55%.
A-share major indexes fell collectively. As of noon close, the Shanghai Composite Index fell 0.59% to 2946.63 points, the Shenzhen Component Index fell 1.59%, and the ChiNext Price Index fell 1.55%. Over 3300 stocks fell, with a turnover of 379.6 billion yuan in the morning, a decrease of 46.4 billion yuan from the previous day.
On the market, the intelligent driving concept was repeatedly active. Yutong Heavy Industry had 3 consecutive daily limit moves whilst Jiangling Motors Corporation、King Long Motor Group and other stocks rose by the daily limit. Banking shares continued to rise, Qilu Bank rose over 5%, Industrial and Commercial Bank of China and Bank of China hit historical highs again. The high-speed rail and urban rail transit sector lifted the market with China High Speed Railway Technology rising by the daily limit and Tongye Technology rising by over 13%; motor, port shipping, sewerage treatment and other sectors had the biggest decline in the morning.
The nonferrous metal sector fell. Tibet Huayu Mining fell over 7%, Tianshan Aluminum Group and Western Mining fell more than 5%; baijiu (Chinese liquor) shares continued to fall, Anhui Gujing Distillery fell more than 6%, Wuliangye Yibin and Kweichow Moutai fell more than 3%; the semiconductor sector corrected, Kingsemi Co., Ltd. fell more than 9%, and HSMC Technologies fell nearly 5%. Lithography, AI PC, innovative drugs and other plate have the biggest decline.
The concept of self-driving cars is repeatedly active, and Yutong Heavy Industries has a 3-board. Qiming Information Technology has risen one word, Feiliks International Logistics Inc. has risen more than 10%, and Jiangling Motors Corporation, Jiangling Motors Corporation, Joyware Electronics, Dazhong Transportation(Group)Co., Ltd. and others have risen more than 6%. On the news side, unmanned driving has accelerated landing in many places recently. According to the Luoyang Postal Administration, the first batch of unmanned delivery vehicles in Luoyang City are undergoing trial operation in Yichuan County. On July 18th, the automatic driving bus was launched at the Meilan International Airport in Haikou.
Yutong Heavy Industry had 3 consecutive daily limit moves, Nanjing Aolian AE&EA, Shenzhen Zhilai Sci and Tech, Jiangsu Feiliks International Logistics Inc. rose by 20 cm daily limit moves, Jiangling Motors Corporation, Shenzhen Genvict Technologies, King Long Motor Group, Qiming Information Technology and other stocks had the daily limit while Zhengzhou Tiamaes Technology, Weifeng Electronic, Haima Automobile, Lifan Technology, Anhui Ankai Automobile and many stocks rose more than 5%. On the news side, self-driving is speeding up its launch in many places. It was learned from the Luoyang Postal Management Bureau that the first batch of unmanned delivery vehicles in Luoyang City had started trial operation in Yichuan County. On July 18th, self-driving buses were put into operation at the Haikou Meilan International Airport.
Banking shares continued to rise, Qilu Bank rose over 5%, ICBC, Bank of China and Bank of Communications hit new historical highs during intraday trading. Agricultural Bank of China, Bank of Communications, China Construction Bank, Postal Savings Bank of China and other stocks rose one after another. In terms of news, state-owned banks are considering lowering the deposit benchmark interest rate. Industry insiders mentioned that the efficiency of the market-oriented adjustment mechanism of deposit rates is still being released, and it is expected that banks will adjust the deposit rate level reasonably according to changes in market interest rates, which is also conducive to the stability of net interest margins.
Qilu Bank rose by over 5%, ICBC, Bank of China, and Bank of Communications hit new historical highs, while ABC, Bank of Communications, China Construction Bank, Postal Savings Bank of China and other stocks rose one after another. In terms of news, state-owned banks are considering lowering the deposit benchmark interest rate. Industry insiders mentioned that the efficiency of the market-oriented adjustment mechanism of deposit rates is still being released, and it is expected that banks will adjust the deposit rate level reasonably according to changes in market interest rates, which is also conducive to the stability of net interest margins.
Dayu Irrigation Group rose more than 10% at the opening of the sewerage treatment sector.
Tianjin MOTIMO Membrane Technology, Longzhou Group, Heilongjiang Interchina Water Treatment had the daily limit, ShenZhen Haima Group, Beijing Capstone Electronic Technology, Shandong Chiway Industry Development Co., Ltd., Anhui Bossco Environmental Protection Technology and other stocks followed. The NDRC and other five departments issued guidelines on accelerating the development of the water-saving industry. The guidelines propose to promote the use of advanced water-saving equipment and products, promote the large-scale renewal of water-saving equipment, and consumer goods for old-for-new, and accelerate the elimination of backward water-using products and equipment.
The nonferrous metal sector fell, Tibet Huayu Mining fell more than 7%, Tianshan Aluminum Group and Western Mining fell more than 5%; baijiu (Chinese liquor) shares continued to fall, Anhui Gujing Distillery fell more than 6%, Wuliangye Yibin and Kweichow Moutai fell more than 3%; the semiconductor sector corrected, Kingsemi Co., Ltd. fell more than 9%, and HSMC Technologies fell nearly 5%. The biggest decline in the morning was in the lithography, AI PC and innovative drug sectors.Huayu Mining fell more than 7%, JCHX Mining, Tianshan Aluminum Group, Western Mining fell more than 5%, Shenhuo Coal & Power, Chihong Zinc&Germanium, Aluminum Corporation of China, Zijin Mining Group all fell more than 4%, Yunnan Aluminium, Zhuzhou Smelter Group, Jiaozuo Wanfang, Tongling Nonferrous Metals Group and other companies also fell.
Baijiu stocks continue to decline, with Anhui Gujing Distillery falling more than 5%.
Anhui Gujing Distillery fell more than 6%, Anhui Yingjia Distillery fell more than 5%, Beijing Shunxin Agriculture, Shanxi Xinghuacun Fen Wine Factory, Jiangsu King's Luck Brewery Joint-Stock fell nearly 5%, Wuliangye Yibin, Jiugui Liquor, Jinhui Liquor, Kweichow Moutai, Luzhou Laojiao, Shede Spirits and other companies all fell more than 3%.
