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Shanghai and Shenzhen A Shares Indices Fall 2% to 2.4% for the Day; SMIC (688981.SH) Slumps Nearly 5%; Humanoid Robot Sector Rises Against Trend
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Tensions between the US and Iran eased. The central parity of RMB against USD was set at 6.8349, adjusted up by 48 bps MoM. The People's Bank of China conducted RMB100 billion of seven-day reverse repo operations in the open market today (21st), with the operating rate unchanged at 1.4%. Meanwhile, RMB500 million of reverse repos matured, resulting in a single-day net injection of RMB99.5 billion. The three major A-share indices opened 0.3% to 1% higher but lost momentum, ending the day down 2% to 2.4%. The Shanghai Composite Index closed at 4,077, down 84 points or 2.04%, with turnover of RMB1.6 trillion. The Shenzhen Component Index fell 322 points or 2.07% to close at 15,247, with turnover of RMB1.89 trillion. The ChiNext Index dropped 92 points or 2.35% to close at 3,829, with turnover of RMB896 billion. Among bank stocks, ICBC (601398.SH) rose 0.3%, while CCB (601939.SH) gained 2%. Insurers declined, with CHINA LIFE (601628.SH) down 1.4% and CHINA PACIFIC INSURANCE (601601.SH) falling 1.3%. In addition, BYD Company (002594.SZ) edged up 0.2%, while CONTEMPORARY AMPEREX (300750.SZ) slipped 0.8%. A-share "new stock king" SEMIGHT INSTRUMENTS (688808.SH) dropped 2.9% to close at RMB1,530, with turnover of RMB4.726 billion and a total market capitalization of RMB157.08 billion. KWEICHOW MOUTAI (600519.SH) fell 0.3% to RMB1,311, with turnover of RMB5.113 billion and a total market capitalization of RMB1.64 trillion. Chip stocks were broadly lower. SMIC (688981.SH) and HUA HONG (688347.SH) each declined 4.9% and 5%, respectively. AI chip stock CAMBRICON (688256.SH) tumbled 5.3%. Domestic GPU makers METAX (688802.SH) and MOORE THREADS (688795.SH) slid 6.6% and 4.4%, respectively. LQKJ (688008.SH) rose 1.9%. Optical fibre maker YANGTZE OPTICAL FIBRE (601869.SH) dropped 5.6%. Memory chipmaker GIGADEVICE (603986.SH) fell nearly 3%. The humanoid robot sector bucked the trend, with SWANCOR ADVANCED MATERIALS (688585.SH) surging 7.8% and BEITE TECH (603009.SH) climbing 9%. BOE A (000725.SZ) hit the daily limit-up at market open after announcing deeper cooperation with global materials giant Corning. (jl/u) 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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