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A-Share Three Major Indices Open Down 0.2%-0.6%; Oil Stocks Firm, Chip Stocks Weak
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The RMB central parity against the USD was set at 6.8880, up 145 pips MoM. The People's Bank of China conducted RMB500 million seven-day reverse repo operations in the open market today (2nd), with the operation rate unchanged at 1.4%. A total of RMB224 billion in reverse repos matured today, resulting in a single-day net liquidity withdrawal of RMB223.5 billion. As the US-Iran conflict remains unresolved, the three major A-share indices opened lower. The Shanghai Composite Index opened at 3,940, down 7 points or 0.2%. The Shenzhen Component Index opened at 13,658, down 48 points or 0.4%. The ChiNext Index opened at 3,229, down 17 points or 0.6%. Among banking stocks, INDUSTRIAL AND COMMERCIAL BANK OF CHINA (601398.SH) opened down 0.1%. CHINA CONSTRUCTION BANK (601939.SH) opened flat. In addition, CONTEMPORARY AMPEREX TECHNOLOGY (300750.SZ) opened up 0.5%, while BYD (002594.SZ) opened down 0.2%. With international oil prices staying at elevated levels, PETROCHINA (601857.SH) and CNOOC (600938.SH) opened up 1% and 1.5%, respectively. Chip stocks were under pressure. SMIC (688981.SH) A-shares opened down 0.9%. HUA HONG SEMICONDUCTOR (688347.SH) A-shares opened down 1.7%. AI chipmaker CAMBRICON (688256.SH) also opened down 0.6%. Domestic GPU makers MUXI (688802.SH) and MOORE THREADS (688795.SH) opened down 0.5% and 1%, respectively. (ta/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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