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Shanghai and Shenzhen A-shares Open 0.2%-0.4% Lower; Chip Stocks Weaker; Tianqi Lithium (002466.SZ) Opens Nearly 5% Higher
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The central parity of RMB against USD was set at 6.8594, up 54 bps MoM.

The People's Bank of China conducted RMB5 billion seven-day reverse repos in the open market today (21st), with the operation rate unchanged at 1.4%. With RMB1 billion of reverse repos maturing today, the single-day net injection was RMB4 billion.

Related NewsLoan Prime Rate 1Y for April 2026 in China is 3.00%, unchanged from its last period. The forecast was 3.0%.
The three major A-share indices opened lower. The Shanghai Composite Index opened at 4,075 points, down 6 points or 0.2%. The Shenzhen Component Index opened at 14,920 points, down 46 points or 0.3%. The ChiNext Index opened at 3,662 points, down 15 points or 0.4%.

Among bank stocks, ICBC (601398.SH) opened flat. China Construction Bank (601939.SH) opened 0.2% higher. China Mobile (600941.SH) opened 0.7% higher, despite reporting a 4.2% YoY decline in 1Q net profit.

Chip stocks were generally weaker. SMIC (688981.SH) A-shares opened 0.6% lower. Hua Hong Semiconductor (688347.SH) A-shares opened 1% lower. AI chipmaker Cambricon (688256.SH) opened 1.3% lower. Domestic GPU makers Muxi Co., Ltd. (688802.SH) and Moore Threads (688795.SH) opened 1.8% and 0.8% lower, respectively.

Related NewsLuckin Coffee (LKNCY.US) to Launch Bottled Ready-to-Drink Coffee in Late Apr Priced at RMB6-7, Lower Than Starbucks
BYD (002594.SZ) opened flat. CATL (300750.SZ) opened 0.6% higher. Tianqi Lithium (002466.SZ) opened 4.8% higher after forecasting a YoY increase of 1,530.31% to 1,818.01% in 1Q net profit.

TCL Smart Home (002668.SZ) opened 3% higher, with 1Q net profit rising 1.58% YoY. (ta/a)


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.
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