--- title: "Shanghai and Shenzhen A-Share Indices Fall 0.3% to 2.2% for the Day; SMIC , HUA HONG Slide Over 5%" type: "News" locale: "en" url: "https://longbridge.com/en/news/288231292.md" description: "China's A-share indices fell 0.3% to 2.2%, with the ChiNext Index dropping 2.15%. Manufacturing PMI held at 50, while Non-Manufacturing rose to 50.1. The RMB strengthened against the USD. Chipmakers led declines, with SMIC and Hua Hong sliding over 5%, while power stocks surged, hitting daily limits." datetime: "2026-06-01T07:30:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288231292.md) - [en](https://longbridge.com/en/news/288231292.md) - [zh-HK](https://longbridge.com/zh-HK/news/288231292.md) generator: "portal-rs" --- # Shanghai and Shenzhen A-Share Indices Fall 0.3% to 2.2% for the Day; SMIC , HUA HONG Slide Over 5% China's official Manufacturing PMI for May fell to 50, in line with expectations, while the Non-Manufacturing PMI rose to 50.1, beating forecasts. Meanwhile, the May RatingDog Manufacturing PMI declined to 51.8 but still exceeded expectations, with inflationary pressures easing. The RMB central parity against the USD was set at 6.8167, up 9 bps MoM, marking the highest level since February 14, 2023. The People's Bank of China conducted RMB11 billion of seven-day reverse repos in the open market today (1st) at an unchanged rate of 1.4%. With RMB258 billion of reverse repos maturing, there was a net withdrawal of RMB247 billion for the day. The three major A-share indices opened mixed before turning lower collectively, closing down 0.3% to 2.2% for the day. The Shanghai Composite Index fell 10 points, or 0.27%, to close at 4,057, with turnover of RMB1.32 trillion. The Shenzhen Component Index dropped 234 points, or 1.51%, to 15,340, with turnover of RMB1.56 trillion. The ChiNext Index slid 87 points, or 2.15%, to 3,950, with turnover of RMB728.5 billion. Bank stocks were mixed. ICBC (601398.SH) +0.080 (+1.108%) rose 1.1%, while CCB (601939.SH) +0.120 (+1.205%) gained 1.2%. Insurers declined, with CHINA LIFE (601628.SH) -0.250 (-0.739%) down 0.7% and CHINA PACIFIC INSURANCE (601601.SH) -0.160 (-0.497%) off 0.5%. BYD Company (002594.SZ) -2.530 (-2.630%) fell 2.6%, and CONTEMPORARY AMPEREX (300750.SZ) -3.900 (-0.920%) slipped 0.9%. Chipmakers were broadly lower. SMIC (688981.SH) -7.470 (-5.339%) dropped 5.3%, HUA HONG (688347.SH) -13.780 (-5.822%) lost 5.8%, and CAMBRICON (688256.SH) -72.000 (-5.496%) slid 5.5%. Domestic GPU names METAX (688802.SH) -38.420 (-5.683%) and MOORE THREADS (688795.SH) -42.970 (-6.683%) fell 5.7% and 6.7%, respectively. LQKJ (688008.SH) -20.700 (-8.182%) tumbled 8.2%. Optical fibre maker YANGTZE OPTICAL FIBRE (601869.SH) -31.230 (-7.753%) declined 7.8%, while memory chip firm GIGADEVICE (603986.SH) +0.990 (+0.212%) edged up 0.2%. Power stocks strengthened, with YUE POWER A (000539.SZ) +0.890 (+10.023%) , JH POWER (000767.SZ) +0.560 (+10.036%) and JIANGSU GUOXIN (002608.SZ) +0.920 (+10.000%) hitting their daily upper limits. "A-share King of New Listings" SEMIGHT INSTRUMENTS (688808.SH) -91.180 (-5.301%) fell 5.3% to close at RMB1,628.77. KWEICHOW MOUTAI (600519.SH) -16.400 (-1.237%) slipped 1.2% to RMB1,309.6. (jl/u)(A Shares quote is delayed for at least 15 mins.) ### Related Stocks - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [688347.CN](https://longbridge.com/en/quote/688347.CN.md) - [159325.CN](https://longbridge.com/en/quote/159325.CN.md) - [512480.CN](https://longbridge.com/en/quote/512480.CN.md) - [159995.CN](https://longbridge.com/en/quote/159995.CN.md) - [UUP.US](https://longbridge.com/en/quote/UUP.US.md) - [159546.CN](https://longbridge.com/en/quote/159546.CN.md) - [561600.CN](https://longbridge.com/en/quote/561600.CN.md) - [159636.CN](https://longbridge.com/en/quote/159636.CN.md) - [02828.HK](https://longbridge.com/en/quote/02828.HK.md) - [07552.HK](https://longbridge.com/en/quote/07552.HK.md) - [USDU.US](https://longbridge.com/en/quote/USDU.US.md) - [588170.CN](https://longbridge.com/en/quote/588170.CN.md) - [159516.CN](https://longbridge.com/en/quote/159516.CN.md) - [159131.CN](https://longbridge.com/en/quote/159131.CN.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) - [399001.CN](https://longbridge.com/en/quote/399001.CN.md) - [399006.CN](https://longbridge.com/en/quote/399006.CN.md) - [688981.CN](https://longbridge.com/en/quote/688981.CN.md) - [00981.HK](https://longbridge.com/en/quote/00981.HK.md) - [601398.CN](https://longbridge.com/en/quote/601398.CN.md) - [01398.HK](https://longbridge.com/en/quote/01398.HK.md) - [601939.CN](https://longbridge.com/en/quote/601939.CN.md) - [00939.HK](https://longbridge.com/en/quote/00939.HK.md) - [601628.CN](https://longbridge.com/en/quote/601628.CN.md) - [02628.HK](https://longbridge.com/en/quote/02628.HK.md) - [601601.CN](https://longbridge.com/en/quote/601601.CN.md) - [02601.HK](https://longbridge.com/en/quote/02601.HK.md) - [002594.CN](https://longbridge.com/en/quote/002594.CN.md) - [01211.HK](https://longbridge.com/en/quote/01211.HK.md) - [300750.CN](https://longbridge.com/en/quote/300750.CN.md) - [688256.CN](https://longbridge.com/en/quote/688256.CN.md) - [688802.CN](https://longbridge.com/en/quote/688802.CN.md) - [688795.CN](https://longbridge.com/en/quote/688795.CN.md) - [688008.CN](https://longbridge.com/en/quote/688008.CN.md) - [601869.CN](https://longbridge.com/en/quote/601869.CN.md) - [06869.HK](https://longbridge.com/en/quote/06869.HK.md) - [603986.CN](https://longbridge.com/en/quote/603986.CN.md) - [03986.HK](https://longbridge.com/en/quote/03986.HK.md) - [000539.CN](https://longbridge.com/en/quote/000539.CN.md) - [000767.CN](https://longbridge.com/en/quote/000767.CN.md) - [002608.CN](https://longbridge.com/en/quote/002608.CN.md) - [688808.CN](https://longbridge.com/en/quote/688808.CN.md) - [600519.CN](https://longbridge.com/en/quote/600519.CN.md) - [HSMD.SG](https://longbridge.com/en/quote/HSMD.SG.md) - [HYDD.SG](https://longbridge.com/en/quote/HYDD.SG.md) - [BYDDY.US](https://longbridge.com/en/quote/BYDDY.US.md) - [BYDDF.US](https://longbridge.com/en/quote/BYDDF.US.md) - [81211.HK](https://longbridge.com/en/quote/81211.HK.md) - [HCCD.SG](https://longbridge.com/en/quote/HCCD.SG.md) - [03750.HK](https://longbridge.com/en/quote/03750.HK.md) - [06809.HK](https://longbridge.com/en/quote/06809.HK.md) - [200539.CN](https://longbridge.com/en/quote/200539.CN.md) ## Related News & Research - [SMIC : More Optimistic on Overall Operations This Year; AI Drives Power Management Chip Capacity into Short Supply](https://longbridge.com/en/news/286880791.md) - [Buy this China chip stock, Citi says](https://longbridge.com/en/news/286775385.md) - [China’s No 2 foundry Hua Hong invests US$2b to expand capacity amid AI demand](https://longbridge.com/en/news/297778418.md) - [HUA HONG GRACE Forms JV to Build 12-inch Wafer Production Line with Est. Monthly Capacity of ~55,000 Wafers](https://longbridge.com/en/news/297724157.md) - [Hua Hong Grace forms Wuxi JV III, invests US$ 1.04 billion in 12-inch wafer fab venture](https://longbridge.com/en/news/297658921.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**