ChiNext Falls Over 1%, Agricultural Stocks Surge Against Trend; Pinzhun Laser Soars Over 500% on Debut, Hang Seng Tech Index Drops 2%, AI Model Leaders Plunge

On the trading board, declining stocks outnumbered gainers, with approximately 4,000 stocks in the Shanghai, Shenzhen, and Beijing markets turning green. Morning session turnover reached 1.65 trillion yuan. The combined half-day turnover for Shanghai and Shenzhen stood at 1.64 trillion yuan, up nearly 140 billion yuan from the previous trading day. By sector, fintech, AI applications, cybersecurity, commercial aerospace, lithium battery, and e-commerce concept stocks all declined; while seed industry, industrial metals, semiconductor equipment, and robotics themes remained active.