The Shanghai and Shenzhen stock markets weakened collectively after the holiday break, with the SSE Composite Index down 0.27% at 3,831.84 points in the morning session, the Shenzhen Component Index down 1.24%, and the ChiNext Index down 2.13%. Trading volume in both markets reached 1.1057 trillion yuan (RMB, same below) in the morning, an increase of 196.4 billion yuan, or 21.5%, compared to the same period on the previous trading day.
On the trading front, semiconductor and chip stocks led the declines, with Youpai Technology (Shanghai: 688498) hitting a 20% daily limit down. Film-related stocks also weakened, with Mango Media (Shenzhen: 300413) down 7.8% and Enlight Media (Shenzhen: 300251) down 2.7%. According to statistics from the National Film Administration, the box office during this year's National Day holiday period (October 1-7) reached 1.165 billion yuan, with 319.959 million moviegoers; during last year's National Day holiday period (October 1-8), the total box office was 1.835 billion yuan, with 500.7 million moviegoers.
Additionally, the automotive sector was among the worst performers, with Jianghuai Automobile (Shanghai: 600418) hitting the daily limit down and GAC Group (Shanghai: 601238) down nearly 8%. Foreign media reports indicate that the European Union is preparing to restrict Chinese hybrid vehicles from entering the EU market. One of the measures the European Commission may adopt is tariff quotas, which would impose tariffs on products exceeding a certain import volume.
On the upside, battery-related concepts performed actively against the trend, with Ledpole Technology (Shenzhen: 300530), Fengyuan Shares (Shenzhen: 002805), and several other stocks hitting the daily limit up; the banking sector strengthened, with Industrial and Commercial Bank of China (Shanghai: 601398), Bank of China (Shanghai: 601988), and Hangzhou Bank (Shanghai: 600926) reaching historical highs intraday. (ry)
On the trading front, semiconductor and chip stocks led the declines, with Youpai Technology (Shanghai: 688498) hitting a 20% daily limit down. Film-related stocks also weakened, with Mango Media (Shenzhen: 300413) down 7.8% and Enlight Media (Shenzhen: 300251) down 2.7%. According to statistics from the National Film Administration, the box office during this year's National Day holiday period (October 1-7) reached 1.165 billion yuan, with 319.959 million moviegoers; during last year's National Day holiday period (October 1-8), the total box office was 1.835 billion yuan, with 500.7 million moviegoers.
Additionally, the automotive sector was among the worst performers, with Jianghuai Automobile (Shanghai: 600418) hitting the daily limit down and GAC Group (Shanghai: 601238) down nearly 8%. Foreign media reports indicate that the European Union is preparing to restrict Chinese hybrid vehicles from entering the EU market. One of the measures the European Commission may adopt is tariff quotas, which would impose tariffs on products exceeding a certain import volume.
On the upside, battery-related concepts performed actively against the trend, with Ledpole Technology (Shenzhen: 300530), Fengyuan Shares (Shenzhen: 002805), and several other stocks hitting the daily limit up; the banking sector strengthened, with Industrial and Commercial Bank of China (Shanghai: 601398), Bank of China (Shanghai: 601988), and Hangzhou Bank (Shanghai: 600926) reaching historical highs intraday. (ry)
