A-shares midday review: The ChiNext Index fell nearly 1% in the first half of the day, with the military industry and semiconductor equipment sectors fluctuating and rising.

2026-03-07 20:56:48

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The three major A-share indices all declined in the morning session. By midday, the Shanghai Composite Index fell 0.7%, the Shenzhen Component Index dropped 0.67%, and the ChiNext Index declined 0.96%. The Beijing 50 Index rose 0.86%. The combined half-day trading volume of the Shanghai, Shenzhen, and Beijing markets was 1.2137 trillion yuan, down 126.4 billion yuan from the previous day. Over 2,600 stocks in the market declined.

In terms of sectors and themes, the top gainers included military equipment, paper manufacturing, autonomous driving, semiconductor equipment, aquaculture, batteries, tourism, and hotels. The biggest declines were seen in oil and gas extraction and services, minor metals, ports and shipping, steel, photovoltaic equipment, and short-form gaming.

Market-wise, due to international instability, the military sector collectively rose, with AndaVile hitting the 20% daily limit. The wave of AI computing infrastructure construction is in full swing, with semiconductor equipment remaining active. Micro-antenna nanotechnology and Fuchuang Precision both gained over 10%. Autonomous driving and smart cockpit sectors also rose together, with Zhejiang Shibao, Xingmin Zhitong, and Qianli Technology hitting the daily limit. The Ministry of Industry and Information Technology previously solicited opinions on autonomous driving safety standards. Additionally, sectors like robotics, paper manufacturing, and real estate saw partial gains.

On the other hand, the popular photovoltaic stock Shuangliang Energy Saving hit the daily limit down after previously stating it indirectly participates in related commercial space projects, but has not directly collaborated with SpaceX. Overnight, international gold and oil prices fell significantly, leading to declines in non-ferrous metals and oil and gas resource stocks, with China National Offshore Oil Corporation and Xinyu Silver both recording declines.

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