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Shanghai Composite Falls 51 Points; CAMBRICON (688256.SH) Slumps 5%; Power Stocks Strong
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The RMB central parity against the USD was set at 6.8291, down 3 bps MoM. The PBOC conducted RMB177.6 billion of seven-day reverse repos in the open market today (27th), with the operation rate unchanged at 1.4%. Meanwhile, RMB50 billion of reverse repos matured, resulting in a net liquidity injection of RMB127.6 billion for the day. The three major A-share indices diverged throughout the session. The Shanghai Composite Index fell 51 points, or 1.25%, to close at 4,093, with turnover of RMB1.47 trillion. The Shenzhen Component Index dropped 139 points, or 0.88%, to close at 15,736, with turnover of RMB1.77 trillion. The ChiNext Index edged up 2 points, or 0.07%, to close at 4,045, with turnover of RMB834.578 billion. Among financials, ICBC (601398.SH) fell 0.8% and CCB (601939.SH) declined 0.9%. In the insurance sector, CHINA LIFE (601628.SH) dropped 1% and CHINA PACIFIC INSURANCE (601601.SH) slid 1.8%. BYD Company (002594.SZ) fell 1.4%, while CONTEMPORARY AMPEREX (300750.SZ) rose 3.1%. In the chip sector, SMIC (688981.SH) and HUA HONG (688347.SH) fell nearly 2% and 3.1%, respectively. AI chip maker CAMBRICON (688256.SH) slumped 5%. Domestic GPU makers METAX (688802.SH) and MOORE THREADS (688795.SH) dropped 5.5% and 4.8%, respectively. MOORE THREADS announced that its MTT S5000 (PH100 chip) passed the national "Secure and Reliable" assessment. LQKJ (688008.SH) fell 2.5%. YANGTZE OPTICAL FIBRE (601869.SH) rose 0.6%, while memory chip maker GIGADEVICE (603986.SH) declined 2.3%. "New A-share King" SEMIGHT INSTRUMENTS (688808.SH) slipped 0.7% to RMB1,767.27. KWEICHOW MOUTAI (600519.SH) rose 2.3% to RMB1,303. New listing N Changjin (688635.SH) surged 11.93x at market open, with gains expanding to 15.1x for the full day. The company is a leading domestic specialty optical fiber manufacturer. Its key product, rare-earth-doped optical fiber, is a core upstream optical material in the laser industry chain, widely used in advanced manufacturing, optical communications, measurement and sensing, and national defense applications. Power stocks posted notable gains, with HUADIAN ENERGY (600726.SH) and LIAONING ENERGY (600758.SH) hitting the daily upper limit. (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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