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<A Shrs> Three Major A-Share Indices Open Down 0.3%-0.8%; Chip Stocks Weak; CHINA UNICOM (600050.SH) Opens Down 1.5% Post Results
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The RMB central parity against the USD was set at 6.8635, lowered by 41 bps MoM. Today (22nd), the Peoples Bank of China conducted RMB6 billion seven-day reverse repo operations in the open market, with the operating rate unchanged at 1.4%. With RMB500 million of reverse repos maturing today, the single-day net injection amounted to RMB5.5 billion. The three major A-share indices opened lower. The Shanghai Composite Index opened at 4,074 points, down 10 points or 0.25%. The Shenzhen Component Index opened at 14,897 points, down 84 points or 0.56%. The ChiNext Index opened at 3,660 points, down 28 points or 0.77%. Among mainland banks, INDUSTRIAL AND COMMERCIAL BANK OF CHINA (601398.SH) and CHINA CONSTRUCTION BANK (601939.SH) opened flat. CHINA UNICOM (600050.SH) opened down 1.5%. CHINA UNICOM (00762.HK) reported a 17.6% YoY decline in 1Q net profit, while revenue from its computing power business rose 8.3%. Chip stocks were broadly weaker. SMIC (688981.SH) A-shares opened down 0.6%. HUA HONG SEMICONDUCTOR (688347.SH) A-shares opened down 1.2%. AI chip maker CAMBRICON (688256.SH) opened down 0.9%. Domestic GPU makers MOORE THREADS (688795.SH) and MUXI (688802.SH) opened down 0.6% and 0.7%, respectively. BYD (002594.SZ) opened down 0.4%. CATL (300750.SZ) opened nearly flat, as the company launched a battery capable of charging to 98% within six minutes. FUYAO GLASS (600660.SH) opened down 2.8% after reporting 1Q net profit of RMB1.712 billion, down 15.68% YoY. (ta/da) 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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