Market Performance - The A-share market has been experiencing a continuous upward trend, with the Shanghai Composite Index reaching a new closing high for the year on July 18, increasing by 0.5% [1] - A total of 2,603 stocks rose, while 2,567 stocks fell, indicating a generally positive market sentiment [2] Stock Movement - The total trading volume reached 15,933.19 billion, with a total of 5,418 stocks listed [3] - The rare earth permanent magnet sector saw significant gains, with companies like China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. and Dongfang Zirconium Industry hitting the daily limit [4] Notable Stocks - In the innovative drug sector, companies such as Anglikang and Borui Pharmaceutical saw their stocks hit the daily limit and rise over 10%, respectively, both reaching historical highs [6] - Lithium mining stocks also showed strong performance, with Jin Yuan Co. and Shengxin Lithium Energy hitting the daily limit [7] Declining Stocks - The photovoltaic sector faced adjustments, with Yamaton hitting the daily limit down by 9.99% [9] - Other notable declines included ST Lifang and Huangshi Group, which fell by 8.00% and 7.42%, respectively [10] Sector Highlights - The photolithography machine concept sector strengthened towards the end of the trading day, with Hai Li Co. hitting the daily limit and companies like Zhongrun Optical and Kai Mei Teqi showing significant gains [11]

Market Overview - The A-share market has been experiencing a continuous upward trend, with the Shanghai Composite Index reaching a new closing high for the year on July 18, rising by 0.5% [1] - A total of 2,603 stocks rose, while 2,567 stocks fell, indicating a generally positive market sentiment [2] Stock Performance - The total trading volume reached 15,933.19 billion, with a total of 5,418 stocks traded [3] - The rare earth permanent magnet sector saw significant gains, with companies like China Northern Rare Earth Group and Dongfang Zirconium hitting the daily limit [4] - The innovative drug concept sector remained active, with Anglikang hitting the daily limit and Borui Pharmaceutical rising over 10%, both reaching historical highs [6] Sector Highlights - Lithium mining stocks also showed strong performance, with companies like Jinyuan Co. and Shengxin Lithium Energy hitting the daily limit [7] - The photovoltaic sector faced adjustments, with Yamaton hitting the daily limit down [9] - The photolithography machine concept sector strengthened towards the end of the trading day, with Haili Co. hitting the daily limit and Zhongrun Optics showing significant gains [11] Federal Reserve Developments - Federal Reserve Chairman Jerome Powell defended a $2.5 billion renovation project against criticism from White House officials, emphasizing the responsible use of public resources [13] - The renovation project has faced scrutiny due to rising costs attributed to inflation, as noted by Federal Reserve Governor Christopher Waller [14]