April 24 Midday Market Review: GEM Index Falls Over 2% in First Half; Computing Hardware and Commercial Aerospace Concepts Adjust Collectively

The market adjusted with volatility in the morning session, and the GEM Index fell more than 2%. Lithium mining stocks rose counter-trend, with multiple stocks including JIANGTE MOTOR, YOUNGY, and ENERGY TECHNOLOGY reaching their daily limits. The chip industry chain strengthened, with FHM, SHENZHEN HUAQIANG, and JSZY hitting their upper limits. On the downside, CPO and other computing hardware stocks adjusted, with Eoptolink dropping over 10%; commercial aerospace concepts declined, and Western Materials hit the lower limit. More individual stocks fell than rose, with over 3,800 stocks turning green across the Shanghai, Shenzhen, and Beijing exchanges. Trading volume for the first half of the day reached 1.74 trillion yuan. At the midday close, the Shanghai Composite Index fell 0.58%, the Shenzhen Component Index fell 1.37%, and the GEM Index fell 2.2%.