The A-share market underwent a volatile adjustment in early trading. As of midday, the Shanghai Composite Index fell by 0.71%, the Shenzhen Component Index fell by 0.19%, and the Chinext Price Index fell by 0.04%. The turnover of the Shanghai and Shenzhen Stock Exchanges was 426 billion in the first half of the day, an increase of 14.5 billion compared to the previous trading day. In terms of sectors, the wind power equipment, software development, quantum technology, and Hongmeng concept sectors rose the most, while the banking, baijiu (Chinese liquor), duty-free, and pork sectors fell the most.
In terms of ETFs, the information security sector rose the most, with the E Fund CSI Information Security ETF rising by 2.73%. The computer sector was active, with both the Southern Fund CSI Computer Theme ETF and the China Asset Management Software Industry ETF up 2.48%. Hong Kong healthcare stocks rose, with the CSOP FTSE China A50 ETF (HKD) rising by 2.44%. The education sector rose, with the Bosera CSI Education ETF up 2.00%.
The US stock market weakened, with the Dow Jones ETF, the NASDAQ Technology ETF, and the S&P 500 ETF falling by 3.02%, 2.54%, and 2.37%, respectively. The energy sector adjusted, with the Energy ETF falling by 2.58%. The banking sector declined, with the Hwabao WP CSI Banks ETF and the Fullgoal CSI Banks ETF falling by 2.15% and 2.09%, respectively. Southeast Asian stocks fell, with the E Fund CES Southeast Asia Select 100 ETF down 2.12%.