Midday Review: Shanghai Composite Index Down 2.5%, Coal Sector Rallies Against the Trend

MetaMuskRat · 2026-03-24T03:55:53+00:00

People's Finance News, March 23 – China's three major stock indices fluctuated and adjusted in early trading. As of midday close, the Shanghai Composite Index fell 2.5%, the Shenzhen Component Index fell 2.53%, and the ChiNext Index fell 2.44%. On the market, the coal sector bucked the trend and strengthened, with Yunnan Coal Energy, Liaoning Energy, and Shanxi Coking Coal hitting limit up. Photovoltaic concept stocks moved against the trend, with multiple stocks including Huamin Holdings, Tori New Energy, and Zhejiang New Energy hitting limit up. Green power concept stocks were active, with Huadian Liaoning Power achieving six consecutive limit-up days. Gold stocks led declines, with Chifeng Gold hitting limit down. Oil and gas, electrical equipment, and robotics concept sectors also saw strong gains, while breeding, tourism, and shipping sectors saw larger declines.

MetaMuskRat

2026-03-24 03:55:53

People’s Financial News, March 23 — The three major A-share indices experienced fluctuations and adjustments in the morning session. By midday, the Shanghai Composite Index fell by 2.5%, the Shenzhen Component Index dropped by 2.53%, and the ChiNext Index declined by 2.44%. In the market, the coal sector defied the trend and strengthened, with Yunmei Energy, Liaoning Energy, and Shanxi Coking Coal hitting the daily limit. The photovoltaic concept stocks were also active against the trend, with Huamin Shares, Toray New Energy, and Zhejiang New Energy hitting the daily limit. The green power concept was lively, with Huaneng Liaoning Energy hitting six consecutive daily limits. Gold stocks led the decline, with Chifeng Gold hitting the limit down. Oil and gas, electrical equipment, and robotics sectors also saw significant gains, while breeding, tourism, and shipping sectors experienced the largest declines.

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