--- title: "The Shanghai and Shenzhen markets both fell 0.7% in the first half of the day, while the ChiNext slightly rose. Gold and copper mining stocks declined, and the liquor sector performed well against the trend" type: "News" locale: "en" url: "https://longbridge.com/en/news/279202353.md" description: "The Shanghai and Shenzhen markets both fell by 0.7% in the half-day session, while the ChiNext rose slightly by 0.2%. Senior officials from China and the United States are negotiating economic and trade issues in Paris. The People's Bank of China conducted a 7-day reverse repurchase agreement, with a net injection of 88.8 billion yuan. The central parity rate of the yuan was lowered to 6.9057 against the US dollar. The three major A-share indices showed mixed performance, with the Shanghai Composite Index down 29 points, the Shenzhen Component Index down 99 points, and the ChiNext Index up 5 points. The liquor sector rose against the trend, with stocks like WLY and Moutai performing well" datetime: "2026-03-16T04:05:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279202353.md) - [en](https://longbridge.com/en/news/279202353.md) - [zh-HK](https://longbridge.com/zh-HK/news/279202353.md) --- # The Shanghai and Shenzhen markets both fell 0.7% in the first half of the day, while the ChiNext slightly rose. Gold and copper mining stocks declined, and the liquor sector performed well against the trend Senior officials from China and the United States are negotiating economic and trade issues in Paris. The People's Bank of China conducted a 7-day reverse repurchase agreement of 137.3 billion yuan, with a net injection of 88.8 billion yuan for the day. The central parity rate of the yuan was lowered by 50 points, reported at 6.9057 against the US dollar. This morning (16th), the mainland announced that the first two months of the "three-horse carriage" data exceeded market expectations. The three major indices of the mainland A-shares showed mixed performance this morning, with the Shanghai Composite Index down 29 points or 0.7% at 4,066 points, with a turnover of 673.534 billion yuan. The Shenzhen Component Index fell 99 points or 0.7% to 14,181 points, with a turnover of 834.923 billion yuan. The ChiNext Index rose 5 points or 0.2% to 3,316 points, with a turnover of 346.917 billion yuan. Major weighted bank stocks, Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH), rose 1% and nearly 0.6% respectively. China Life (601628.SH) slightly rose by 0.2%, while Ping An (601318.SH) fell by 1.2%. BYD (002594.SZ) rose 3.6% in the morning, and CATL (300750.SZ) rose 2.7%. Among major domestic chip foundries, SMIC (688981.SH) fell 0.5%, while Hua Hong (688347.SH) rose 2.1% in the morning. Domestic GPU stocks, MuXi Co., Ltd. (688802.SH) and Moore Threads (688795.SH), fell between 1.2% and 1.8%. AI chip stock Cambricon (688256.SH) fell 2% in the morning. The storage chip concept performed actively, with Bawei Storage (688525.SH) rising 8.7% to close at 227.98 yuan, setting a historical high. The situation in the Middle East is tense, and the "three major oil companies" showed slight divergence in early trading, with PetroChina (601857.SH) and CNOOC (600938.SH) slightly down by 0.1% to 0.3%, while Sinopec (600028.SH) rose by 0.3%. COSCO Shipping Energy (600026.SH) rose 1.9%. The liquor sector performed well against the market trend, with WLY (000858.SZ) and Moutai (600519.SH) rising between 1.5% and 2.8%, while Huangtai Liquor (000995.SZ), Jinhui Liquor (603919.SH), and JiuGuiJiu (000799.SZ) rose between 3.3% and 6.5%. Gold and copper mining stocks fell, with Zijin Mining (601899.SH), Luoyang Molybdenum (603993.SH), and Jiangxi Copper (600362.SH) down between 2.9% and 4.7%, while Shandong Gold (600547.SH) fell 6.6%. The rare earth permanent magnet sector declined, with Invt (002334.SZ) hitting the limit down, and Jinli Permanent Magnet (300748.SH) down 2.6% ### Related Stocks - [600519.CN](https://longbridge.com/en/quote/600519.CN.md) - [000858.CN](https://longbridge.com/en/quote/000858.CN.md) ## Related News & Research - [METALS-Weak China data pushes copper to one-week low](https://longbridge.com/en/news/286750747.md) - [METALS-London copper extends losses on weak Chinese data](https://longbridge.com/en/news/286848628.md) - [Nidec to withdraw from e-axle business](https://longbridge.com/en/news/286763889.md) - [CEO.CA's Inside the Boardroom: Hayasa Metals Has First-Mover Advantage in Armenia Gold and Copper with Teck as Partner | HAYAF Stock News](https://longbridge.com/en/news/286911835.md) - [One of America’s oldest beer brands discontinued after 177 years in US](https://longbridge.com/en/news/286978688.md)