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China's A-share market saw its three major indices open higher, with military and innovative drug sectors surging, and AI hardware showing a recovery.
On the morning of October 16, China's A-share market saw its three major indices open higher across the board, with the Shanghai Composite Index up 0.49%, the Shenzhen Component Index up 0.65%, and the ChiNext Index up 0.51%. Sectors such as national defense and military, commercial aerospace, and innovative drugs surged, with Morningstar Aerospace and Great Wall Military Industry leading the gains by hitting their daily limit. AI hardware concept stocks rebounded, with Changxin Memory Technologies and Montage Technology in the storage sector both rising over 5%. The complete vehicle manufacturing sector also saw a rebound, with JAC Motors hitting its daily limit. AI pharmaceutical concept stocks were active, and Hongbo Pharmaceutical surged by 20cm to its daily limit.
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