China's Three Major A-Share Indexes Fall Collectively at Midday Break; Telecom Equipment Sector Leads Declines

According to 36Kr, China's three major A-share indexes all fell at the midday break. The Shanghai Composite dropped 0.3%, the Shenzhen Component fell 0.58%, and the ChiNext declined 1.18%. Telecom equipment stocks led the declines, with Accelink down more than 8%, Eoptolink down more than 7%, and Changxin Bochuang down more than 3%. The software sector weakened, with Compass down more than 13%, Wealth Trend down more than 9%, and CAS Starlight down more than 6%. The culture and media sector also slid, with China Science Publishing & Media and Hengdian Entertainment hitting their daily limit down, and iReader Technology down more than 7%. The shipping sector led gains, with Jinjiang Shipping hitting its daily limit up, COSCO Shipping Holdings up more than 6%, and Xingtong Shipping up more than 3%. The liquor sector also rose strongly, with Gujing Gongjiu hitting its daily limit up, Luzhou Laojiao up more than 8%, and Shede Spirits up more than 5%.