--- title: "The three major A-share indices of Shanghai and Shenzhen opened lower by 1% to 1.3%, with chip and domestic GPU stocks showing weakness, and China Life continuing to decline" type: "News" locale: "en" url: "https://longbridge.com/en/news/280713611.md" description: "The three major A-share indices opened lower by 1% to 1.3%, with the Shanghai Composite Index at 3,852 points, the Shenzhen Component Index at 13,423 points, and the ChiNext Index at 3,236 points. Domestic bank stocks generally opened lower, with China Life down 1.1%. Chip stocks performed weakly, with SMIC opening down 0.9% and Hua Hong down 2.3%. Domestic GPU stocks also opened lower, with MetaX down 2.1%. Meanwhile, the central parity rate of the RMB against the USD was reported at 6.89141, and the People's Bank of China conducted reverse repurchase operations, with a net injection of 125.7 billion yuan" datetime: "2026-03-27T01:32:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280713611.md) - [en](https://longbridge.com/en/news/280713611.md) - [zh-HK](https://longbridge.com/zh-HK/news/280713611.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280713611.md) | [繁體中文](https://longbridge.com/zh-HK/news/280713611.md) # The three major A-share indices of Shanghai and Shenzhen opened lower by 1% to 1.3%, with chip and domestic GPU stocks showing weakness, and China Life continuing to decline U.S. President Trump has extended the suspension of attacks on Iranian energy facilities until the 6th of next month. The central parity rate of the RMB against the USD is reported at 6.89141, an increase of 85 points from the previous day. The People's Bank of China today (27th) conducted a 146.2 billion RMB (same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 20.5 billion RMB of reverse repos are maturing, resulting in a net injection of 125.7 billion RMB for the day. The three major A-share indices opened lower. The Shanghai Composite Index opened at 3,852 points, down 36 points or 1%. The Shenzhen Component Index opened at 13,423 points, down 182 points or 1.3%. The ChiNext Index opened at 3,236 points, down 36 points or 1.1%. In the banking sector, Industrial and Commercial Bank of China (601398.SH) opened down 0.1%. China Construction Bank (601939.SH) opened down 0.2%. China Life (601628.SH) continued to decline by 1.1%. In addition, CATL (300750.SZ) opened up 0.9%. BYD (002594.SZ) also opened up 0.8%. China Mobile (600941.SH) opened down 0.7%, with its 2025 shareholder profit expected to be 137.1 billion RMB, a year-on-year decrease of 0.9%. Chip stocks fell, with SMIC (688981.SH) A-shares opening down 0.9%, its annual net profit at 685 million USD, a year-on-year increase of 39%. Hua Hong (688347.SH) A-shares opened down 2.3%, with its annual net profit at 54.88 million USD, a decline of 5.6%, and no dividend declared. AI chip stock Cambricon (688256.SH) also opened down 1.9%. Domestic GPU stock MetaX (688802.SH) opened down 2.1%, with its 2025 net loss narrowing to 789 million RMB. Moore Threads (688795.SH) opened down 1.9%, as the company launched the "Quantum Super Intelligent" integrated computing platform in collaboration with Silicon Zhen. Storage stocks Lattice Semiconductor (688008.SH) and Gigadevice (603986.SH) opened down 3.6% to 5%. Haier Smart Home A-shares (600690.SH) opened down 2.6%, with its 2025 net profit expected to be 19.553 billion RMB, a year-on-year growth of 4.39%, proposing a dividend of 8.867 RMB per 10 shares and planning to repurchase A-shares worth 3 to 6 billion RMB ### Related Stocks - [China Life (601628.CN)](https://longbridge.com/en/quote/601628.CN.md) - [SMIC (688981.CN)](https://longbridge.com/en/quote/688981.CN.md) - [Hua Hong (688347.CN)](https://longbridge.com/en/quote/688347.CN.md) - [CHINA LIFE (02628.HK)](https://longbridge.com/en/quote/02628.HK.md) - [MetaX (688802.CN)](https://longbridge.com/en/quote/688802.CN.md) - [SMIC (00981.HK)](https://longbridge.com/en/quote/00981.HK.md) ## Related News & Research - [Metax Integrated Circuits' 2025 net loss narrows](https://longbridge.com/en/news/280621419.md) - [China Life Clarifies Mandate of Nomination and Remuneration Committee to Bolster Governance](https://longbridge.com/en/news/280461512.md) - [Semiconductor Manufacturing International (0981): New Buy Recommendation for This Technology Giant](https://longbridge.com/en/news/278340633.md) - [Biwin Storage Technology signs procurement agreement to buy storage wafers](https://longbridge.com/en/news/280310101.md) - [Industrial Bank Posts Flat Profit, Revenue in 2025](https://longbridge.com/en/news/280713784.md)