To The Moon

Major Chinese stock indices experienced a volatile session on Tuesday, initially dipping before recovering in the morning, only to trend lower again in the afternoon. By the market close, the Shanghai Composite Index had declined 0.49%, the Shenzhen Component Index dropped 1.87%, and the ChiNext Index fell 1.7%.

Approximately 1,600 stocks across the broader market managed to close in positive territory.

Market performance was mixed across sectors. The oil and petrochemicals sector showed notable strength, with ST Interocean hitting the daily upside limit. The computing power concept was particularly active, with stocks like Sangfor Technologies Inc and Wangsu Science & Technology Co., Ltd surging by the 20% daily limit, while Inspur Electronic Information Industry Co., Ltd and Yunsai Intelligent Co., Ltd also reached their 10% limit-up prices. Other sectors that performed well included tourist attractions, software development, precious metals, communication services, and cybersecurity.

Conversely, several sectors faced significant pressure. Energy metals, robotics, batteries, minor metals, rare earths, electronic components, photovoltaic equipment, and non-ferrous metals were among the biggest decliners during the trading session.