As of noon, the Shanghai Composite Index rose 1.23% to 3410.36 points, the Shenzhen Component Index rose 1.79%, and the chinext price index rose 2.49%.
The major A-share indices collectively rose in the morning session. By the midday break, the Shanghai Composite Index was up 1.23% at 3,410.36 points, the Shenzhen Component Index rose 1.79%, the chinext price index was up 2.49%, and the Beizheng 50 Index increased by 0.69%. The all market half-day trading volume reached 1,166.9 billion yuan, an increase of 219.6 billion yuan from the previous day, with over 3,900 stocks rising.
On the market front, the AIGC concept surged across the board, with jc finance & tax interconnect, shanghai fengyuzhu culture technology, and hylink digital solutions stocks hitting the limit up. OpenAI initiated a 12-day live broadcast activity; the large financial sector rose, with insurance stocks leading, hubei biocause pharmaceutical hitting the limit up, new china life insurance and china life insurance both rising over 5%; real estate and new urbanization concepts strengthened, with zhejiang yasha decoration, suzhou institute of building science group, and tus environmental science and technology development among over ten stocks hitting the limit up; medical services, cultured diamonds, and software development sectors saw significant gains. The hainan free trade zone concept stocks continued to adjust, hainan huluwa pharmaceutical group hit the limit down, hainan development holdings nanhai fell over 8%; some robot concept stocks faced adjustments, zhaomin technology fell over 9%, and asia vets and jiangsu beiren smart manufacturing technology dropped over 7%.
The AIGC concept surged across the board, with jc finance & tax interconnect and several other stocks hitting the limit up.
fs development investment holdings hit the limit up by 20cm, jc finance & tax interconnect, shanghai fengyuzhu culture technology, hylink digital solutions, and tianyu digital technology also hit the limit up; yidian tianxia and wondershare technology group rose over 10%, new guomai digital culture, tvzone media, and kunlun tech saw significant gains. On the news side, OpenAI launched a 12-day live broadcast activity. On the first day of the event, they introduced the complete version (full-powered version) o1 reasoning model and added a monthly subscription for ChatGPT Pro at $200.
The large financial sector rose, with insurance stocks leading the gains.
Hubei Biocause Pharmaceutical has hit the daily limit, New China Life Insurance and China Life Insurance have risen over 5%, China Pacific Insurance and the People's Insurance have risen over 3%, while Ping An Insurance has risen over 2%.
The real estate and new urbanization concepts are strengthening, with stocks like Zhejiang Yasha Decoration hitting the daily limit.
Zhejiang Yasha Decoration, Suzhou Institute of Building Science Group, Tus Environmental Science and Technology Development, All Market Construction Group, China Fortune Land Development, and over 10 other stocks have hit the daily limit, while Sinodaan Co., Ltd. and Zhongshe Consulting have risen over 10%. On December 5, the General Office of the CPC Central Committee and the State Council issued opinions on promoting the construction of new urban infrastructure to create resilient cities. By 2030, significant progress will be made in new urban infrastructure construction, promoting the completion of a number of high-level resilient cities, with urban safety resilience continuously improving and city operations becoming safer, more orderly, smarter, and more efficient.
Certain robot concept stocks are experiencing adjustments, with Zhao Min Technology dropping over 9%.
Zhao Min Technology has dropped over 9%, with Asia Vets, Jiangsu Beiren Smart Manufacturing Technology dropping over 7%, and Aifute, Sanfeng Intelligent Equipment Group, and Hechuan Technology also declining.
