A-Share Midday Review: Three Major Indices Down Over 2% at Midday, Nearly 5,000 Stocks Across the Market Decline

K-LinePoet · 2026-03-24T17:45:42+00:00

The three major A-share indices collectively declined in early trading, with the Shanghai Composite Index down 2.5%. Coal and oil & gas sectors rose, while precious metals and tourism sectors fell significantly. The market faced stagflation concerns with rising risk-aversion sentiment, putting pressure on tech stocks, though some robotics concept stocks advanced. Total half-day turnover reached 14691 billion yuan.

K-LinePoet

2026-03-24 17:45:42

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The three major A-share indices all declined collectively in the morning session. By midday, the Shanghai Composite Index fell 2.5%, the Shenzhen Component Index dropped 2.53%, the ChiNext Index declined 2.44%, and the Beijing 50 Index decreased 2.95%. The combined half-day trading volume of the Shanghai, Shenzhen, and Beijing markets was 14,691 billion yuan, an increase of 152 billion yuan compared to the previous day. Nearly 5,000 stocks in the market declined.

In terms of sectors and themes, the top gainers included coal mining and processing, oil and gas extraction and services, photovoltaic equipment, and power sectors; while the largest declines were seen in precious metals, pork, tourism and hotels, beauty and personal care, airports and shipping, insurance, vitamins, traditional Chinese medicine, PCB, and biopharmaceuticals.

On the market, risks associated with the Strait of Hormuz continued to ferment, with international oil prices remaining high. The coal and crude oil extraction sectors rose again, with Shanxi Coking Coal, Liaoning Energy, and Bomaike hitting the daily limit. Rising crude oil prices increased expectations of interest rate hikes by central banks worldwide, raising concerns about stagflation risks. The precious metals sector plunged sharply, with Chifeng Gold hitting the limit down, and Sichuan Gold and Shan Jin International also falling significantly.

Due to increased risk aversion, technology growth stocks such as PCB and CPO generally came under pressure, with Sanan Optoelectronics hitting the limit down, and Cambridge Technology, Hui Green Ecology, and Shenghong Technology also declining. Additionally, risk aversion drove declines in sectors like pork, tourism and hotels, and insurance.

On the other hand, some robotics concept stocks rose early in the session, with Zhongda Lide and Jinfeng Technology hitting the daily limit, following the acceptance of Yu Shu Technology’s IPO application by the Shanghai Stock Exchange.

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