News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<A Shrs> Three Major A-Share Indices Fall 0.2% to 0.9% at Midday; Brokers and Chip Stocks Weaken While Coal and Power Stocks Rally Against Market
The RMB central parity against the USD was set at 6.8594, adjusted up by 54 bps MoM. The People's Bank of China conducted RMB5 billion seven-day reverse repo operations in the open...
Reset
Send
The window will close in 5 seconds
<A Shrs> Three Major A-Share Indices Fall 0.2% to 0.9% at Midday; Brokers and Chip Stocks Weaken While Coal and Power Stocks Rally Against Market
Close
Recommend
2
Positive
2
Negative
2
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get NVDA share!

The RMB central parity against the USD was set at 6.8594, adjusted up by 54 bps MoM. The People's Bank of China conducted RMB5 billion seven-day reverse repo operations in the open market today (21st), with the operation rate unchanged at 1.4%. With RMB1 billion of reverse repos maturing today, there was a net injection of RMB4 billion for the day.

The three major A-share indices were softer in the morning session. The Shanghai Composite Index closed at 4,072 points at midday, down 9 points or 0.2%, with turnover of RMB680.6 billion; the Shenzhen Component Index closed at 14,854 points, down 112 points or 0.8%, with turnover of RMB891 billion; and the ChiNext Index closed at 3,642 points, down 34 points or 0.9%, with turnover of RMB411.8 billion.

Related NewsLuckin Coffee (LKNCY.US) to Launch Bottled Ready-to-Drink Coffee in Late Apr Priced at RMB6-7, Lower Than Starbucks
Mainland bank stocks continued to edge higher. Industrial and Commercial Bank of China (601398.SH)  -0.110 (-1.444%)   and China Construction Bank (601939.SH)  -0.140 (-1.421%)   rose 0.8% and 1.6%, respectively. China Mobile (600941.SH)  -0.770 (-0.797%)   opened higher and climbed 2.9%, despite its 1Q net profit declining 4.2% YoY.

Brokerage stocks weakened. Guosheng Securities (002670.SZ)  -0.310 (-2.347%)   fell by the daily limit, while Guoyuan Securities (000728.SZ)  0.000 (0.000%)   slumped 6.2%. Harbin Investment Group (600864.SH)  +0.510 (+7.296%)   , China Lin Securities (002945.SZ)  +0.260 (+1.671%)   and First Capital (002797.SZ)  +0.230 (+2.968%)   each dropped more than 2%.

Coal and power stocks bucked the market to move higher. Jinneng Holding Coal Industry (601001.SH)  -0.010 (-0.057%)   , Yankuang Energy (600188.SH)  +0.520 (+2.664%)   and Shaanxi Coal Industry (601225.SH)  +0.070 (+0.275%)   gained 4.2% to 5%. Zhejiang Xinneng (600032.SH)  +0.610 (+5.617%)   and Baoxin Energy (000690.SZ)  +0.100 (+1.898%)   both surged to the daily limit. The Ministry of Industry and Information Technology stated that it is conducting policy research and standard formulation on coordinated development of computing and power infrastructure.

Related NewsUnemployment Rate for March in China is 5.4%, higher than the previous value of 5.3%. The forecast was 5.2%.
Chip stocks retreated. SMIC (688981.SH)  -0.520 (-0.484%)   A-shares fell 1.7%, while Hua Hong Semiconductor (688347.SH)  -1.060 (-0.825%)   A-shares declined 3%. AI chipmaker Cambricon (688256.SH)  +3.000 (+0.226%)   dropped 4.9%. Domestic GPU plays Muxi (688802.SH)  +3.510 (+0.503%)   and Moore Threads (688795.SH)  +3.020 (+0.482%)   fell 2.8% and 3.4%, respectively. VeriSilicon (688521.SH)  +6.950 (+2.982%)   tumbled 7.3%.

Several new films are set for release during the "May Day" holiday period this year, lifting film and television stocks against the broader market. Wentou Holdings (600715.SH)  -0.100 (-4.505%)   and Beijing Culture (000802.SZ)  -0.150 (-3.363%)   both surged to the daily limit, while Bona Film Group (001330.SZ)  -0.630 (-7.135%)   rose 6.3%.

In addition, CATL (300750.SZ)  -4.830 (-1.096%)   gained 1.9%. Tianqi Lithium (002466.SZ)  -0.210 (-0.297%)   advanced 4.9% after forecasting a YoY increase of 1,530.31% to 1,818.01% in 1Q net profit. BYD (002594.SZ)  -0.390 (-0.384%)   fell 1.4%. (ta/da)(A Shares quote is delayed for at least 15 mins.)

Related NewsGDP Growth Rate YoY for Q1 in China is 5.0%, higher than the previous value of 4.5%. The forecast was 4.8%.



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.

Auto-translated by AI
View Original Text

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.