A-Share Midday Review: Three Major Indices Soar, Shanghai Composite Up 0.67%, Approaching 3800 Points, Shenzhen Component Up 2.56%, ChiNext Index Up, Semiconductors and Algorithm Big Winners! Over 3,300 Stocks Fall, Trading Volume Shrinks by 606 Billion

A-Share Midday Review: Three Major Indices Soar, Sliced to the Midpoint, Shanghai Composite Up 0.67% at 3796.36 points, and the Shenzhen Component Up 1.32%, reaching the 12,000-point mark for the first time in nearly a decade.

The market saw a surge in semiconductors, with Semiconductor Manufacturing International and Advanced Micro-Fabrication Equipment up over 8% yesterday. Meanwhile, the algorithm sector continued its upward trend, with stocks such as Code Education, Shunwang Technology, and Cloud Computing rising by over 20%. Financial stocks also rose sharply, with Sunshine Securities hitting a high of over 6%, driven by increased investor enthusiasm, which has led to a surge in new account openings, with some brokerages reporting an increase of over 40%.

In addition, the oil and gas sector saw significant losses, with companies such as Potential Trust and Kaili Shares falling by over 3%. Banking stocks also fell sharply, with Qingdao Bank and Yunnan Bank down nearly 2%.