The three major A-share indices fell collectively in the morning trading. As of midday, the Shanghai Composite Index fell 0.16%, the Shenzhen Component Index fell 0.44%, the ChiNext Index fell 0.91%, and the Beijing Stock Exchange 50 Index rose 4.14%. The market's half-day turnover was 1,060.3 billion yuan, down 68.3 billion yuan from the previous day. More than 3,500 stocks fell in the market. In terms of sector themes, copper cable high-speed connection, education, precious metals, DeepSeek, and consumer electronics sectors led the gains; photovoltaic, real estate, airport shipping, liquor, and securities sectors led the declines. On the market, copper cable high-speed connection concept stocks performed actively in the morning trading, Hangjin Technology rose for 6 consecutive days, Kingsignal rose more than 10%, Taichen Optoelectronics, Broadcom Technology and other stocks rose at the top; DeepSeek concept stocks continued to be strong, Meige Intelligent rose for 7 consecutive days, DreamNet Technology, Qingyun Technology, Hangzhou Iron and Steel Co., Ltd., Tuowei Information rose for 5 consecutive days, and Daily Interactive rose for 5 days in 6 days. Affected by the surge in international gold prices, gold stocks performed well in the morning trading, with Laisen Tongling hitting the daily limit, Xiaocheng Technology rising by more than 10%, and China Gold, Mankalong and many other stocks rising. Photovoltaic concept stocks continued to adjust, with Junda Technology, Aixu Technology, Canadian Solar, JA Solar, and Trina Solar all falling to varying degrees.