April 23 Midday Market Review: GEM Index Opens High and Closes Low, Falling 1.83%; Computing Hardware Stocks Adjust Collectively

The market opened high in the morning and closed low, with the GEM Index falling nearly 2%. Baijiu stocks surged against the trend, with Yingjia Gongjiu hitting the upper limit. The coal sector strengthened, with Huadian Energy and Haohua Energy hitting the upper limit. Oil and gas stocks rallied, with Shandong Molong hitting the upper limit. On the downside, computing hardware stocks adjusted collectively; CEM hit the lower limit, while Sai Microelectronics, Tengjing Technology, Dongtian Micro, Guangku Technology, Deco Li, and Liantech all fell more than 10%. Individual stocks declined more often than they rose, with approximately 4,400 stocks across the Shanghai, Shenzhen, and Beijing exchanges turning green. Trading volume for the morning session reached 1.96 trillion yuan. At the midday close, the Shanghai Composite Index fell 0.79%, the Shenzhen Component Index fell 1.53%, and the GEM Index fell 1.83%.