A-shares close: Shanghai Composite dips then rebounds slightly, mining hardware stocks surge collectively

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  1. The market rebounded after hitting the bottom throughout the day, with the three major indices showing mixed gains and losses. Computing hardware stocks surged collectively, with sectors like CPO, PCB, and liquid-cooled servers all strengthening. Stocks such as FiberHome Technologies, Chuanrun Shares, Shennan Circuit, and Han’s Laser hit the daily limit. Power and power grid equipment stocks also rose sharply, with GanNeng Power, Shena Power, Huayin Power, and Xinlian Electronics hitting the limit. On the decline side, entertainment stocks continued to adjust, with Bona Film continuing to fall for three consecutive days. More stocks declined than rose, with about 2,900 stocks in the Shanghai, Shenzhen, and Beijing markets in the red. Today’s total transaction volume was 2.56 trillion yuan. By the close, the Shanghai Composite Index fell 0.01%, the Shenzhen Component Index rose 0.19%, and the ChiNext Index declined 0.29%.
  2. In terms of sector concepts, computing hardware, power and power grid, small metals, and commercial aerospace led the gains, while real estate, media and entertainment, insurance, and fertilizer sectors saw the largest declines.
  3. A total of 2,394 stocks rose in the two markets, with 78 hitting the daily limit. Meanwhile, 2,670 stocks declined, with 5 hitting the limit down, and 23 stocks experienced trading halts, with a trading halt rate of 25%.
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