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A Shrs Open Mixed; ChiNext Index Hits Nearly 11-Year High Again; Chip Stocks Soft; Kweichow Moutai (600519.SH) Opens Down Over 4%
The RMB central parity rate against USD was set at 6.8622, lowered by 6 bps MoM. Today (17th), the Peoples Bank of China conducted RMB500 million seven-day reverse repo operations...
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A Shrs Open Mixed; ChiNext Index Hits Nearly 11-Year High Again; Chip Stocks Soft; Kweichow Moutai (600519.SH) Opens Down Over 4%
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The RMB central parity rate against USD was set at 6.8622, lowered by 6 bps MoM. Today (17th), the Peoples Bank of China conducted RMB500 million seven-day reverse repo operations in the open market, with the operation rate unchanged at 1.4%. With RMB2 billion of reverse repos maturing today, there was a net daily withdrawal of RMB1.5 billion.

The three major A-share indices opened mixed. The Shanghai Composite Index opened at 4,043 points, down 12 points or 0.3%. The Shenzhen Component Index opened at 14,806 points, up 9 points or 0.07%. The ChiNext Index opened 16 points higher or 0.5% at 3,643 points, hitting a fresh high in nearly 11 years.

Related NewsExports YoY for Mar in China is 7.1%, lower than the previous value of 21.8%. The forecast was 8.3%.
Among bank stocks, Industrial and Commercial Bank of China (601398.SH)  +0.050 (+0.661%)   opened down 0.1%. China Construction Bank (601939.SH)  +0.120 (+1.233%)   opened up 0.2%. In addition, CATL (300750.SZ)  +15.100 (+3.491%)   opened up 0.4%, while BYD (002594.SZ)  -1.380 (-1.341%)   opened down 0.5%.

Chip stocks were weak. SMIC (688981.SH)  -0.500 (-0.463%)   A-shares opened down 0.4%. Hua Hong Semiconductor (688347.SH)  -2.190 (-1.675%)   A-shares opened down 1.3%. AI chip stock Cambricon (688256.SH)  -48.200 (-3.497%)   opened down 0.6%. Domestic GPU makers MetaX (688802.SH)  -9.680 (-1.368%)   and Moore Threads (688795.SH)  -20.290 (-3.140%)   opened down 1.6% and 1.2%, respectively.

Kweichow Moutai (600519.SH)  +1.120 (+0.079%)   opened down 4.3%. Its 2025 net profit was RMB82.32 billion, down 4.53% YoY.

Related NewsLuckin Coffee (LKNCY.US) to Launch Bottled Ready-to-Drink Coffee in Late Apr Priced at RMB6-7, Lower Than Starbucks
Hans Laser (002008.SZ)  +3.620 (+4.059%)   opened up 2%. Its 2025 net profit was RMB1.19 billion, down 29.77% YoY. (ta/da)(A Shares quote is delayed for at least 15 mins.)



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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