STOCKS | China's A-Shares See Mixed Performance Amid Sector Rotation

On April 15, China's A-shares experienced a mixed performance as the three major indices opened higher but saw varied movements throughout the morning session. According to Jin10, the ChiNext Index initially rose over 1%, reaching its highest level since June 2015, but later fell by 0.23% by midday. Meanwhile, the Shanghai Composite Index increased by 0.37%, and the Shenzhen Component Index decreased by 0.25%. The combined trading volume of the Shanghai and Shenzhen markets reached 1.58 trillion yuan, an increase of 84.4 billion yuan from the previous trading day. Over 2,500 stocks saw gains across the market. Sector rotation accelerated, with the innovative drug sector remaining active. Stocks such as Borui Pharmaceutical, Ruikang Pharmaceutical, Hisun Pharmaceutical, and Jinling Pharmaceutical hit their daily limit. The superconducting concept saw a rise and fall, with Jianxin Superconducting reaching a 20% limit up, followed by gains in Western Materials, Jingyuan Environmental Protection, and Jinbei Electric. The MicroLED sector also saw gains, with Zhiyun Co. and Woge Optoelectronics hitting their daily limit. Other sectors, including CPO, foldable screens, commercial aerospace, and ultra-high voltage, were among the top gainers. Conversely, chemical stocks declined, with Furui Co. nearing its limit down. Gas stocks, silicon energy, and real estate sectors experienced fluctuations and declines.