Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Shanghai and Shenzhen Markets: Three Major A-share Indices Fall 0.7% to 2.1% for the Day, SMIC (688981.SH) Slumps Nearly 9%, Property and Consumer Stocks Buck Trend
Recommend 5 Positive 3 Negative 4 |
||||
|
||||
|
The RMB central parity against the USD was set at 6.8176, up 64 bps MoM, marking a new high since 14 February 2023. Today (29th), the PBOC conducted RMB123 billion of seven-day reverse repos in the open market, with the operation rate unchanged at 1.4%. Meanwhile, RMB153 billion of reverse repos matured, resulting in a single-day net withdrawal of RMB30 billion. The three major A-share indices opened 0.3% to 0.6% higher, but lost momentum and turned lower, with losses widening in the afternoon. They closed down 0.7% to 2.1% for the day. The Shanghai Composite Index closed at 4,068, down 30 points or 0.73%, with turnover of RMB1.53 trillion. The Shenzhen Component Index fell 286 points or 1.81% to close at 15,575, with turnover of RMB1.79 trillion. The ChiNext Index dropped 87 points or 2.11% to 4,037, with turnover of RMB850.3 billion. Among financials, ICBC (601398.SH) rose 2.6%, while CCB (601939.SH) fell 1.3%. In the insurance sector, CHINA LIFE (601628.SH) gained 1.3% and CHINA PACIFIC INSURANCE (601601.SH) added 0.5%. BYD Company (002594.SZ) edged up 0.3% after launching its self-developed Xuanji A3 chip and commencing mass production. CONTEMPORARY AMPEREX (300750.SZ) rose 2% after partnering with Xiamen to establish the worlds largest energy storage demonstration platform. Chip stocks were under pressure. SMIC (688981.SH) slumped nearly 9%, while HUA HONG (688347.SH) dropped 5.2%. AI chip maker CAMBRICON (688256.SH) fell 5.9%. Domestic GPU names METAX (688802.SH) and MOORE THREADS (688795.SH) declined 3.4% and 5.5%, respectively. LQKJ (688008.SH) lost 3.1%. Optical fibre maker YANGTZE OPTICAL FIBRE (601869.SH) surged 8.7%. Memory chip firm GIGADEVICE (603986.SH) fell 3.3%. The State Council issued the Urban Renewal Plan for the 15th Five-Year Plan period, calling for a comprehensive review of existing urban assets and resources, and promoting classified disposal of supplied but undeveloped land and projects under construction. Property stocks advanced, with VANKE A (000002.SZ) up 7.3% and GREENLAND HOLDINGS (600606.SH) rising 5%. Consumer stocks also strengthened. CHINA DUTY FREE (601888.SH) jumped 8.8%. KWEICHOW MOUTAI (600519.SH) gained 3.9% to close at RMB1,326. The so-called new "king" of A-shares, SEMIGHT INSTRUMENTS (688808.SH), fell 7.7% to RMB1,719.95. (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
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
