Chinese Stock Market Midday Review: Index Rebounds from Low, Semiconductors Lead the Charge! Over 2900 Stocks Down, Trading Volume Hits 12 Billion, Institutions Weigh In
August 7th news, the index rebounded from its low in early trading and dipped by over 1%. Sector-wise, semiconductors led the charge with stocks like 富满微 (20cm up), 大为股份 (up to the daily limit), and 斯达半导触及涨停 (daily limit reached). The medical equipment sector also saw strong gains, with 利德曼 (300289) and 中红医疗 (20cm up) both reaching the daily limit. The consumer goods sector saw a collective surge, with dairy products leading the way, while 贝因美 (002570) took the lead in terms of gains. The pharmaceutical sector saw a collective adjustment, with innovative drugs leading the way down, while 千红制药 (002550) fell to its daily low. The steel sector saw a decline, with 西宁特钢 (600117) taking the lead in terms of losses. The component sector saw a decline, with companies like 迅捷兴 and 胜宏科技 leading the way down. Overall, individual stocks fell more than they rose, with over 2900 stocks seeing declines.
As of midday, the Shanghai Composite Index stood at 3638.40 points, up 0.12%, while the Shenzhen Component Index was down 0.13% to 11163.36 points. The ChiNext Index fell 0.52% to 2346.59 points.
On the market front, semiconductors, medical equipment, and gene editing sectors led the way up, while CRO concept stocks, diet pills, and biological products saw declines.
Hot Sectors:
1. Medical Equipment
Companies like 大博医疗 (002901) and 利德曼 (300289) saw gains.
2. Semiconductors
Companies like 富满微, 东芯股份, and 新恒汇 saw gains.
Messages:
1. 【财政部：免保育教育费政策覆盖所有幼儿园大班儿童 预计今年秋季学期将惠及约1200万人】The Ministry of Finance announced that the education fee exemption policy will cover all kindergarten students, with an estimated 12 million people benefiting in the autumn semester.
2. 【机构：预计全球智能手机市场高端化趋势将延续 2025年营收增幅将跑赢销量增长】A research report predicts that the global smartphone market will continue to trend towards high-end, with revenue growth outpacing sales in 2025.
3. 【海关总署：今年前7个月我国货物贸易进出口同比增长3.5%】The General Administration of Customs announced that China's foreign trade saw a year-on-year growth of 3.5% in the first seven months, with total value reaching ¥25.7 trillion.
4. 【美国ITC正式对可穿戴脑电图设备及其系统及其组件启动337调查】The US International Trade Commission (ITC) launched an investigation into certain wearable electroencephalogram devices and systems and components thereof, with the affected companies including Natus Neurology Incorporated of Middleton, Wis., Excel-Tech Ltd. of Ontario, Canada, and Natus Medical Incorporated of Middleton, Wis.
Institutional Views:
中信证券 (CITIC Securities) expects the macro environment to remain stable, with no major risks on the horizon. It recommends maintaining a balanced portfolio and focusing on sector rotation, with semiconductors and medical equipment leading the way.