In the New York late trading session, the offshore RMB once rose to 6.82 against the US dollar. The RMB/USD central parity rate was reported at 6.8649, up 31 points from the previous day.
The People's Bank of China today (9th) 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, 500 million RMB of reverse repos are maturing. On the same day, 70 billion RMB of treasury cash deposits are maturing.
The three major A-share indices opened lower. The SSE Index opened at 3,967 points, down 27 points or 0.7%. The Shenzhen Component Index opened at 13,928 points, down 114 points or 0.8%. The ChiNext Index opened at 3,316 points, down 31 points or 0.9%.
Banking stocks opened flat. Industrial and Commercial Bank of China (601398.SH) opened unchanged. China Construction Bank (601939.SH) opened down 0.1%. In addition, Contemporary Amperex Technology Co., Limited (300750.SZ) opened up 0.7%. BYD (002594.SZ) plans to open 20 car dealerships in Canada, opening down 1%.
Oil and gas stocks rebounded, with Zhongman Petroleum and Natural Gas (603619.SH) and Shandong Molong Petroleum Machinery (002490.SZ) opening up 1% and 3.1%, respectively.
Aviation stocks fell back, with China Eastern Airlines (600115.SH), Air China (601111.SH), and China Southern Airlines (600029.SH) opening down 2.6%-2.8%.
Chip stocks softened, with Semiconductor Manufacturing International Corporation (688981.SH) A shares opening down 1.8%. Hua Hong Semiconductor (688347.SH) A shares opened down 1.9%. AI chip stock Cambricon Technologies (688256.SH) opened down 0.3%. Domestic GPU stocks Muxi Co., Ltd. (688802.SH) and Moore Threads (688795.SH) opened down 1.2% and 1.3%, respectively