

Market Overview - The market experienced fluctuations with mixed performance across the three major indices, with the Shanghai Composite Index rising by 0.13% and the Shenzhen Component and ChiNext indices falling by 0.06% and 0.47% respectively [1] - The trading volume in the Shanghai and Shenzhen markets reached 2.42 trillion yuan, an increase of 158 billion yuan compared to the previous trading day, marking the seventh consecutive day of trading volume exceeding 2 trillion yuan [1] Unusual Market Behavior - The market showed strong performance for most of the day but weakened towards the end, which is atypical for Thursdays, often referred to as "gold out days" where market sentiment tends to be cautious [3][4] - Despite the index rising, there was a notable divergence in individual stock performance, with over 3,000 stocks declining, indicating a "drought for some and flood for others" scenario [6] Sector Performance - Sectors such as oil and gas, digital currency, beauty care, and banking saw gains, while rare earth permanent magnets, PEEK materials, liquid cooling servers, and CPO sectors faced declines [1][8] - The AI industry, particularly domestic AI supply chains, showed independent growth, with notable performances from companies like ZTE and Cambricon [10][14] Notable Stocks - ZTE's stock saw significant activity, with a peak trading volume of approximately 50 billion yuan shortly after market opening, despite later fluctuations [11] - Cambricon reached a new historical high of 1,080.18 yuan, reflecting strong market interest and performance [15] Digital Currency Sector - The digital currency sector, including stablecoins, experienced a strong rally, with related sectors such as cross-border payments and blockchain also performing well [14][16] - Goldman Sachs reported that the stablecoin market is entering a new expansion phase, with potential market size reaching trillions of dollars, driven primarily by payment applications [16][17] Government Initiatives - The Chongqing municipal government issued a plan to enhance the digital renminbi service system and financial infrastructure, indicating a supportive regulatory environment for digital currencies [17]