Closing Review: The Shanghai Composite Index Surpasses 3,400 Points, Triggering a Surge in the Automotive Industry Chain

The three major indices strengthened throughout the day, with the Shanghai Composite Index standing above the 3,400-point mark. In terms of sectors, the rare earth permanent magnet concept was strong all day, with multiple stocks such as Zhongke Magnetic Materials, Huahong Technology, and Huayang New Materials hitting the daily limit; gaming stocks surged in the afternoon, with Dianhun Network reaching the daily limit; the breeding sector was active, with Zhenghong Technology hitting the daily limit; the automotive industry chain collectively strengthened, with Xinxin Transmission hitting the daily limit at 30cm and SHINRY hitting the daily limit at 20cm; pharmaceutical and medical stocks continued to adjust, with the CRO concept leading the decline, and Lianhua Technology hitting the daily limit during the session; the controllable nuclear fusion concept declined, with ShunNa Co., Ltd. and Baili Electric experiencing significant drops; beverage stocks weakened, with Junyao Health hitting the daily limit in the afternoon. Overall, more stocks rose than fell, with over 3,400 stocks increasing. By the close, the Shanghai Composite Index reported 3,402.32 points, up 0.52%; the Shenzhen Component Index reported 10,246.02 points, up 0.83%; and the ChiNext Index reported 2,061.87 points, up 1.21%. On the market, rare earth permanent magnets, new metal materials, and gaming sectors led the gains, while bioproducts, CRO concepts, and the China-South Korea Free Trade Zone sectors led the declines