A-share market fluctuated narrowly in the morning, with autos industry chain sector leading the gains and major indexes fluctuating up and down.

New stock performance continues to be eye-catching. Today, a new stock was listed on the A-share market, named Qiaofeng Asia Vets. The stock increased by nearly 130% during morning trading. The performance of new stocks in the Hong Kong stock market is also remarkable. RuiChang International Holdings Limited was listed today, with a maximum increase of over 40% during morning trading.

In addition, Baidu Group-SW surged in the Hong Kong stock market, with a once-rising amplitude of more than 12%.

Baidu Group-SW surged during trading, with a once-rising amplitude of more than 12%.

Overall, Hong Kong stock market performed well in the morning trading session.

In the Hang Seng Index constituent stocks, China Resources Beer led the gains, with a once-rising amplitude of more than 12% during trading.$BIDU-SW (09888.HK)$The auto industry chain sector was leading the gains in A-share market, with China Resources Beer leading the gains in the Hang Seng Index constituent stocks and its once-rising amplitude exceeding 12% during trading.

According to the research report of GTJA, Luobu KuaiPao is expected to achieve profitable self-driving online car-hailing business model. Luobu KuaiPao is Baidu's autonomous driving travel service platform, which has opened passenger testing and operation services in 11 cities and conducted fully self-driving travel service tests in Beijing, Wuhan, Chongqing, Shenzhen, and Shanghai.

Nongfu Spring and China Resources Beer are among the top gainers.

Hong Kong stocks plummeted today, with a low of HKD 16.34 at press time, down more than 8%, the largest single-day decline since October 2022, and the stock price hit a new low in nearly 2 months. $RUICHANG INTL (01334.HK)$It was listed today and its largest increase during morning trading exceeded 40%.

According to the information, the company is a petroleum refining and petrochemical equipment manufacturer headquartered in Henan Province, China, mainly providing (i) sulfur recovery equipment and volatile organic compound incineration equipment; (ii) catalytic cracking equipment; (iii) process burners; (iv) heat exchangers. The company's history can be traced back to January 1994, when its affiliated company Luoyang Ruichang was established in Luoyang City, China.

A-share market fluctuated narrowly in the morning, with the auto industry chain sector leading the gains.

A-share market fluctuated narrowly this morning.

In terms of major industries and racecourses, the auto industry chain sector led the gains, with multiple stocks hitting the limit or rising by more than 10%.

Beauty and personal care, non-banking finance, and electronics sectors performed well in the morning. Coal, public utilities, and media sectors were weak.

In the concept sectors, tire pressure monitoring, vehicle-road cloud and other concept sectors were among the top gainers.

The new stock Qiaofeng Intelligent soared nearly 130% during trading today.

There is a new stock listed in A-share market today, Qiaofeng Intelligent.

Market data shows that Qiaofeng Intelligent's once-rising amplitude during morning trading reached nearly 130%.

According to the prospectus, Qiaofeng Intelligent is a high-tech enterprise specializing in research and development, production, and sales of CNC machine tools. The company has been deeply involved in the machine tool industry for many years and has been committed to developing high-precision, high-reliability, efficient, and intelligent domestic modern "industrial mother machines", providing higher quality CNC machine tool equipment for intelligent manufacturing transformation and upgrading. The company's current products include more than 80 types of medium-to-high-end models, such as vertical machining centers, gantry machining centers, and horizontal machining centers, etc. The company's products are widely used in industries such as general equipment, consumer electronics, auto parts, mold, construction machinery, military industry, energy, medical devices, aerospace, and 5G communication.

According to the prospectus, the company is currently ranked among the top in China's metal cutting machine tool sub-industry in terms of scale. It is also one of the third batch of "little giant" enterprises in China that specialize in special and new technologies, as announcement by the Ministry of Industry and Information Technology. Its products have won awards such as "Guangdong Province High-tech Products", "Guangdong Province (Industry) Famous Brand Products", "China's Top Ten Good Machine Tool Brands", and "Best Industrial Design Award of China (Tianjin) International Equipment Manufacturing Expo".

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