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<A Shrs> Three Major Indices Fall 0.7% to 3.2%; ChiNext Slips Below 4,000; Robotics Concept Stocks Rise Against Market
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The RMB central parity against the USD was set at 6.8157, adjusted stronger by 46 bps MoM. The People's Bank of China conducted RMB215 billion of 7-day reverse repos today (5th), with the operation rate unchanged at 1.4%. Meanwhile, RMB123 billion of reverse repos matured, resulting in a net daily injection of RMB92 billion.
The three major A-share indices opened 0.2% to 0.4% lower, fluctuated thereafter, and turned broadly weaker in the afternoon, closing down 0.7% to 3.2% for the day.
The Shanghai Composite Index fell 30 points, or 0.74%, to close at 4,027, with turnover of RMB1.36 trillion. The Shenzhen Component Index dropped 346 points, or 2.21%, to close at 15,314, with turnover of nearly RMB1.71 trillion. The ChiNext Index slipped below the 4,000 level, plunging 130 points, or 3.2%, to close at 3,957, with turnover of RMB816.092 billion.
Among financials, ICBC (601398.SH) and CCB (601939.SH) rose 1.5% and 1.9%, respectively. In the insurance sector, CHINA LIFE (601628.SH) gained 1%, while CHINA PACIFIC INSURANCE (601601.SH) edged up 0.1%. BYD Company (002594.SZ) fell 0.5%. CONTEMPORARY AMPEREX (300750.SZ) declined 1.3%. ZTE (000063.SZ) advanced 3.7%.
Chip stocks were under pressure. SMIC (688981.SH) dropped 5.6%, while HUA HONG (688347.SH) slid nearly 7%. AI chipmaker CAMBRICON (688256.SH) fell 4.4%. Domestic GPU names METAX (688802.SH) and MOORE THREADS (688795.SH) declined nearly 2% and 3.4%, respectively. LQKJ (688008.SH) tumbled 7.8%. Optical fibre maker YANGTZE OPTICAL FIBRE (601869.SH) fell 3.1%. Memory chipmaker GIGADEVICE (603986.SH) slumped 7.8%.
A-share "new stock king" SEMIGHT INSTRUMENTS (688808.SH) rose 1.2% to close at RMB2,145, with a total market capitalization of RMB220.22 billion. KWEICHOW MOUTAI (600519.SH) gained 0.4% to RMB1,272.86, with a total market capitalization of RMB1.59 trillion.
Robotics concept stocks showed strength, with ZHONGZHONG SCIENCE & TECHNOLOGY (603135.SH) and YUHUAN CNC (002903.SZ) hitting their daily upper limits. (jl/da) Auto-translated by AI This article was automatically translated by AI, the original language 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. More Details
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