--- title: "The three major A-share indices of Shanghai and Shenzhen fell by 0.6% to 0.9% in the first half of the day, with domestic banks and chip stocks showing weakness, while retail and computing power stocks rose against the trend" type: "News" locale: "en" url: "https://longbridge.com/en/news/268180835.md" description: "The three major A-share indices fell by 0.6% to 0.9% in the first half of the day, with weak performance in the banking and chip sectors, while retail and computing power stocks rose against the trend. The central parity rate of the RMB against the USD was lowered, and the People's Bank of China conducted reverse repurchase operations. The Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all declined. In terms of individual stocks, Industrial and Commercial Bank of China, China Construction Bank, and Contemporary Amperex Technology Co., Ltd. fell, while BYD rose. Retail stocks such as MAOYE COMMERCIAL hit the daily limit, and computing hardware stocks like SMEI surged. Among chip stocks, SMIC and Hua Hong fell" datetime: "2025-12-02T03:38:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/268180835.md) - [en](https://longbridge.com/en/news/268180835.md) - [zh-HK](https://longbridge.com/zh-HK/news/268180835.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/268180835.md) | [繁體中文](https://longbridge.com/zh-HK/news/268180835.md) # The three major A-share indices of Shanghai and Shenzhen fell by 0.6% to 0.9% in the first half of the day, with domestic banks and chip stocks showing weakness, while retail and computing power stocks rose against the trend The central parity rate of the RMB against the US dollar was lowered by 35 points to 7.0794 per US dollar. The People's Bank of China today (2nd) conducted a seven-day reverse repurchase operation in the open market amounting to 156.3 billion RMB (same below), with the operation rate remaining at 1.4%. Today, 302.1 billion RMB of reverse repos matured, resulting in a net withdrawal of 145.8 billion RMB for the day. The three major indices of A-shares opened lower but rose higher. The Shanghai Composite Index closed at 3,892 points at noon, down 21 points or 0.6%, with a turnover of 407.35 billion RMB; the Shenzhen Component Index closed at 13,045 points, down 100 points or 0.8%, with a turnover of 639.8 billion RMB; the ChiNext Index closed at 3,065 points, down 27 points or 0.9%, with a turnover of 295.4 billion RMB. Banking stocks were relatively weak, with Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) down 0.6% and 1.2%, respectively. In addition, CATL (300750.SZ) fell 1.1%. BYD (002594.SZ) rose 1%, with its November new energy vehicle sales down 5.3% year-on-year but up 8.7% month-on-month. ZTE Corporation (000063.SZ) retreated by 1.4%, after reports yesterday (1st) that it would release an AI phone in collaboration with ByteDance this month. Vanke A (000002.SZ) remained stable with a slight increase of 0.2%. It was reported that Vanke is seeking a one-year extension to repay 2 billion RMB of domestic bonds maturing in mid-month. Retail stocks opened lower but rose higher, with MAOYE COMMERCIAL (600828.SH) hitting the daily limit. Dongbai Group (600693.SH) and Hebai Group (000417.SZ) each rose over 4%. Hotel and catering stocks performed well against the market trend, with Zhongqinglou (605108.SH) hitting the daily limit. Jinjiang Hotels (600754.SH) rose 1.4%. Computing hardware stocks rebounded, with SMEI (300456.SZ) rising 14.4%, setting a new historical high. Tianfu Communication (300394.SZ) and Foxconn Industrial Internet (601138.SH) each rose by more than 2%. Leading chip stocks were soft, with SMIC (688981.SH) and Hua Hong (688347.SH) down 1% and 2.4%, respectively. Technology stocks such as Cambricon (688256.SH) also fell by 2.2% ### Related Stocks - [SMEI (300456.CN)](https://longbridge.com/en/quote/300456.CN.md) - [MAOYE COMMERCIAL (600828.CN)](https://longbridge.com/en/quote/600828.CN.md) ## Related News & Research - [CATL makes progress on its solid-state battery](https://longbridge.com/en/news/279018020.md) - [BlackRock's long position in H-shares of Contemporary Amperex Technology decreased - HKEX](https://longbridge.com/en/news/279410045.md) - [Hua Hong Affiliate Readies 7-Nanometer Chipmaking Facility](https://longbridge.com/en/news/279366157.md) - [Kweichow Moutai says director of finance detained by authorities](https://longbridge.com/en/news/279034604.md) - [Bharat Electronics Secures Additional Orders Worth 10.1 Billion Rupees](https://longbridge.com/en/news/279424857.md)