The three major indices closed higher on June 29, with the ChiNext Index rebounding from earlier lows and the STAR 50 Index surging 4.61%. Sector-wise, semiconductor equipment stocks strengthened, while the electronic special gases concept became active in the afternoon. The pharmaceutical sector experienced a significant rally, the controlled nuclear fusion concept performed actively, and the retail concept fluctuated with an upward trend. On the downside, the optical fiber concept fell during the session, and the fiberglass concept adjusted through volatility. Over 2,900 stocks declined across the market. The combined trading volume for the Shanghai and Shenzhen markets was 3.52 trillion yuan, a decrease of 34.7 billion from the previous trading day.

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Key News to Watch in the Evening

The State Council executive meeting emphasized the need to intensify efforts to promote breakthroughs in artificial intelligence innovation.