ChiNext Reverses Higher to Close Up 0.65%; Rare Earths Rally, Computing Hardware Surges; Hang Seng Tech Index Falls Nearly 2%, JD.com Drops 10%, Hua Hong Semiconductor Down 12%

On the trading front, declining stocks outnumbered gainers, with over 3,600 stocks in the Shanghai, Shenzhen, and Beijing markets turning lower. Morning session turnover reached 1.4 trillion yuan. Combined half-day turnover for the Shanghai and Shenzhen markets stood at 1.39 trillion yuan, shrinking by over 200 billion yuan compared to the previous trading day. By sector, culture and media, power, education, real estate, pharmaceuticals, retail, and financial sectors led the declines; rare earths, industrial metals, PCB, and CPO concept stocks were active.