--- title: "The three major A-share indices of Shanghai and Shenzhen opened lower by 0.2%-0.6%, with a preference for oil stocks and weakness in chip stocks" type: "News" locale: "en" url: "https://longbridge.com/en/news/281448914.md" description: "The three major A-share indices opened lower, falling by 0.2% to 0.6%. The central parity rate of the RMB against the US dollar was raised by 145 points to 6.8880. The People's Bank of China conducted reverse repurchase operations, with a net withdrawal of 223.5 billion yuan for the day. International oil prices are high, with PetroChina and CNOOC opening up by 1% and 1.5%, respectively. Chip stocks performed poorly, with SMIC and Hua Hong opening down by 0.9% and 1.7%, respectively" datetime: "2026-04-02T01:30:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281448914.md) - [en](https://longbridge.com/en/news/281448914.md) - [zh-HK](https://longbridge.com/zh-HK/news/281448914.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281448914.md) | [繁體中文](https://longbridge.com/zh-HK/news/281448914.md) # The three major A-share indices of Shanghai and Shenzhen opened lower by 0.2%-0.6%, with a preference for oil stocks and weakness in chip stocks The central parity rate of the RMB against the US dollar is reported at 6.8880, an increase of 145 points from the previous day. The People's Bank of China today (2nd) conducted a 500 million RMB (same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 224 billion RMB of reverse repos are maturing, resulting in a net withdrawal of 223.5 billion RMB for the day. With the conflict between the US and Iran ongoing, the three major A-share indices opened lower. The SSE Index opened at 3,940 points, down 7 points or 0.2%. The Shenzhen Component Index opened at 13,658 points, down 48 points or 0.4%. The ChiNext Index opened at 3,229 points, down 17 points or 0.6%. In the banking sector, Industrial and Commercial Bank of China (601398.SH) opened down 0.1%. China Construction Bank (601939.SH) opened flat. Additionally, Contemporary Amperex Technology Co., Limited (300750.SZ) opened up 0.5%. BYD (002594.SZ) opened down 0.2%. International oil prices remain high, with PetroChina (601857.SH) and CNOOC (600938.SH) opening up 1% and 1.5%, respectively. Chip stocks are soft, with Semiconductor Manufacturing International Corporation (688981.SH) opening down 0.9%. Hua Hong Semiconductor (688347.SH) opened down 1.7%. AI chip stock Cambricon Technologies (688256.SH) also opened down 0.6%. Domestic GPU stocks Muxi Co., Ltd. (688802.SH) and Moore Threads (688795.SH) opened down 0.5% and 1%, respectively ### Related Stocks - [CNOOC (00883.HK)](https://longbridge.com/en/quote/00883.HK.md) - [CNOOC (600938.CN)](https://longbridge.com/en/quote/600938.CN.md) - [China Universal CSI Oil & Gas Resources ETF (159309.CN)](https://longbridge.com/en/quote/159309.CN.md) - [SSE Index (000001.CN)](https://longbridge.com/en/quote/000001.CN.md) - [PETROCHINA (00857.HK)](https://longbridge.com/en/quote/00857.HK.md) - [F GX OIL (03097.HK)](https://longbridge.com/en/quote/03097.HK.md) - [E Fund CSI Petrochemical Industry ETF (516570.CN)](https://longbridge.com/en/quote/516570.CN.md) - [PETROCHINA (601857.CN)](https://longbridge.com/en/quote/601857.CN.md) - [SINOPEC SSC (01033.HK)](https://longbridge.com/en/quote/01033.HK.md) - [First Trust North Amer Engy InfrasETF (EMLP.US)](https://longbridge.com/en/quote/EMLP.US.md) - [ChinaAMC CSI Petrochemical Industry ETF (159731.CN)](https://longbridge.com/en/quote/159731.CN.md) - [ZPEC (603619.CN)](https://longbridge.com/en/quote/603619.CN.md) - [Guotai CSI Oil & Gas Industry ETF (561360.CN)](https://longbridge.com/en/quote/561360.CN.md) - [Yinhua CSI Oil & Gas Resources ETF (563150.CN)](https://longbridge.com/en/quote/563150.CN.md) - [Bosera CSI Oil & Gas Resources Index ETF (561760.CN)](https://longbridge.com/en/quote/561760.CN.md) ## Related News & Research - [PetroChina Renews Financial Deal With Related Company](https://longbridge.com/en/news/280998322.md) - [CNOOC: Cost-Leadership, Visible Growth, and Undemanding Valuation Support Buy Rating](https://longbridge.com/en/news/280809686.md) - [PetroChina Dismisses Middle East Conflict Concerns](https://longbridge.com/en/news/281013909.md) - [PetroChina says Strait of Hormuz oil and gas supplies account for roughly 10% of its operations](https://longbridge.com/en/news/280984885.md) - [China imported more than 30 bcm of Turkmen gas in 2025, ambassador says](https://longbridge.com/en/news/280742239.md)