The main A-share indexes fell collectively. As of noon, the Shanghai Composite Index fell 1.1% to 3017.73 points, the Shenzhen Component Index fell 0.46%, and the Chinext Price Index fell 0.39%. More than 2300 stocks rose, with a total turnover of 445.4 billion yuan in the two markets for half a day, a decrease of 11.3 billion yuan from the previous trading day.

On the plate, the coal sector strengthened, and Jinneng Holding Shanxi Coal Industry and China Shenhua Energy reached new highs for more than a decade during the intraday; electricity stocks continued to rise, and Hunan Chendian International Development and Xinzhongtian 2 consecutively hit the limit up; cross-border e-commerce concept stocks rose sharply, Guangxi Xinxunda Technology Group (新迅达) and Kaichun shares rose by 20%, and the Executive Meeting of the State Council deliberated and passed the "Opinions on Expanding Cross-border E-commerce to Promote Overseas Warehouse Construction"; port and shipping stocks generally rose, Phoenix Shipping rose by limit up, Cosco Shipping Holdings rose by more than 6%; logistics, precious metals and other sectors rose the most. The real estate development sector fell, Xinhualand fell by limit down; black appliances were mostly down, Sichuan Jiuzhou Electric fell by nearly 7%; consumer electronics, defense industry, military industry, semiconductors and other sectors fell the most.The semiconductor sector continued to strengthen, with storage chips and photoresists leading the way. Multiple stocks, such as Tech Semiconductors and Yuchuang Electronics, reached the daily limit. The electronic paper concept was lifted, with Phichem Corporation rising by more than 17% and Shenzhen Seecoon Digital Technology rising by more than 4%. Some education stocks rebounded, with Offcn Education Technology reaching the daily limit and Chuanzhi Education rising by more than 4%. The computer application, biological product, and communications services sectors were among the top gainers. The precious metals sector fell collectively, with Beijing Xiaocheng Technology and Chifeng Jilong Gold Mining falling by more than 8%. The spot gold price once fell below $2290, and shipping stocks fluctuated and fell, with Cosco Shipping Holdings and Phoenix Shipping down by the daily limit. The main contracts of the freight rate index (Europe) once fell nearly 10% during the day. The baijiu sector continued to decline, with Luzhou Laojiao falling by more than 4% and Kweichow Moutai falling by nearly 3%. Moutai liquor prices continued to decline before and after the Dragon Boat Festival. The industrial metals, coal, and banking sectors had the biggest declines.

The semiconductor sector continued to strengthen, with storage chips and photoresists leading the way.

Tech Semiconductors, Yuchuang Electronics, Anlukang Technology, Jiangsu Xiehe Electronic, Shanghai Belling Corp.,ltd, and Haoshanghao reached the daily limit, while Shengyi Electronics and Yihao New Materials rose by more than 10%, and Kingsemi Co., Ltd. rose by more than 10%. On the news, from January to May, China's integrated circuit exports reached 444.7 billion yuan, a year-on-year increase of 25.5%, and exports have resumed to a good level, with demand in the industry gradually recovering. In addition, Goldman Sachs analysts published a report stating that the global HBM (high-bandwidth memory chip) market will grow at a compound annual growth rate of approximately 100% during the period of 2023-2026, and will reach 30 billion US dollars in 2026, up more than 30% from its forecast in March.

Beijing Xiaocheng Technology fell by more than 8%, and the precious metals sector fell collectively.

Beijing Xiaocheng Technology and Chifeng Jilong Gold Mining fell by more than 8%, Shandong Yulong Gold, Hunan Silver, Yintai Gold Co., Ltd., Sichuan Gold, Western Region Gold, SD Gold, and Zhongjin Gold Corp., Ltd., among others, followed suit. On the news, on June 7, the spot gold price in London fell sharply by 3.45% and once fell below $2290. COMEX gold also fell by 3.34%, the largest single-day drop since April 22, 2022. At the same time, the main contract of the COMEX silver futures fell by 6.69%.

Shipping stocks fell sharply, Phoenix Shipping hit the limit.

Cosco Shipping Holdings and Phoenix Shipping fell by the daily limit, China Merchants Energy Shipping and Cosco Shipping Specialized Carriers fell by more than 8%, Ningbo Ocean Shipping, COSCO Ship Engy, and Nanjing Tanker Corporation, among others, followed suit. On the news, the main contract of the freight rate index (Europe) once fell nearly 10%, and the forward contracts EC2410, 2412, 2502, and 2504 hit the daily limit.

The baijiu sector continued to decline, and Luzhou Laojiao fell by more than 4%.

Luzhou Laojiao fell more than 4%, Kweichow Moutai fell nearly 3%, Yingjia Distillery, Gujing Distillery, Wuliangye Yibin, Shanxi Xinghuacun Fen Wine Factory, Hebei Hengshui Laobaigan Liquor, and other brands all fell nearly 2%. On the news front, the batch price of Moutai liquor (53 degrees, 500ml) continued to fall before and after the Dragon Boat Festival this year. According to today's liquor price data, since the beginning of this year, the batch price of Moutai liquor has fallen from around 2700 yuan/bottle at the beginning of the year to around 2445 yuan/bottle, and it is currently sold on e-commerce platforms such as PDD for about 2409 yuan/bottle.