--- title: "Shanghai and Shenzhen Markets Open 0.4%-1% Lower; Chip Stocks Under Pressure" type: "News" locale: "en" url: "https://longbridge.com/en/news/289984431.md" description: "Shanghai and Shenzhen markets opened 0.4%-1% lower, with chip stocks under pressure. The Shanghai Composite fell 0.43%, Shenzhen Component dropped 0.67%, and ChiNext declined 1.01%. Major banks and insurers showed mixed results, while BYD and CATL dipped slightly. Semiconductor firms including SMIC, Hua Hong Grace, Cambricon, Metax, and Moore Threads all opened lower, reflecting sector-wide weakness." datetime: "2026-06-17T01:50:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289984431.md) - [en](https://longbridge.com/en/news/289984431.md) - [zh-HK](https://longbridge.com/zh-HK/news/289984431.md) generator: "portal-rs" --- # Shanghai and Shenzhen Markets Open 0.4%-1% Lower; Chip Stocks Under Pressure The 2026 Lujiazui Forum officially opens today (17th). The central parity of RMB against USD was set at 6.8096, up 12 bps MoM. The People’s Bank of China conducted RMB420.3 billion of seven-day reverse repos today at an unchanged rate of 1.4%. With RMB159.0 billion of reverse repos maturing, there was a net single-day injection of RMB261.3 billion. The three major A-share indices opened 0.4% to 1% lower this morning. The Shanghai Composite Index opened down 17 points, or 0.43%, at 4,074. The Shenzhen Component Index opened down 105 points, or 0.67%, at 15,569. The ChiNext Index opened down 41 points, or 1.01%, at 4,061. Among financials, ICBC (601398.SH) -0.010 (-0.135%) opened flat, while CCB (601939.SH) -0.050 (-0.492%) opened 0.1% higher. In the insurance sector, CHINA LIFE (601628.SH) -0.180 (-0.499%) opened 0.3% higher and CHINA PACIFIC INSURANCE (601601.SH) -0.080 (-0.246%) opened 0.6% higher. Meanwhile, BYD Company (002594.SZ) -1.570 (-1.751%) opened 0.7% lower, and CONTEMPORARY AMPEREX (300750.SZ) -1.560 (-0.387%) opened 0.9% lower. Chip stocks were under pressure. SMIC (688981.SH) -2.610 (-2.006%) opened 1.7% lower, and HUA HONG GRACE (688347.SH) -4.920 (-2.063%) opened 2.7% lower. AI chipmaker CAMBRICON (688256.SH) -23.010 (-1.761%) opened 1.3% lower. Domestic GPU makers METAX (688802.SH) -23.650 (-3.245%) and MOORE THREADS (688795.SH) -13.060 (-2.050%) opened 2.1% and 1.3% lower, respectively. LQKJ (688008.SH) -0.200 (-0.082%) opened 2.2% lower. Optical fibre maker YANGTZE OPTICAL FIBRE (601869.SH) -10.100 (-2.176%) opened 2.6% lower. Memory chipmaker GIGADEVICE (603986.SH) +3.740 (+0.702%) opened 2.2% lower. (jl/a)(A Shares quote is delayed for at least 15 mins.) ### Related Stocks - [399001.CN](https://longbridge.com/en/quote/399001.CN.md) - [688802.CN](https://longbridge.com/en/quote/688802.CN.md) - [688981.CN](https://longbridge.com/en/quote/688981.CN.md) - [300750.CN](https://longbridge.com/en/quote/300750.CN.md) - [688347.CN](https://longbridge.com/en/quote/688347.CN.md) - [00981.HK](https://longbridge.com/en/quote/00981.HK.md) - [399006.CN](https://longbridge.com/en/quote/399006.CN.md) - [03750.HK](https://longbridge.com/en/quote/03750.HK.md) - [688795.CN](https://longbridge.com/en/quote/688795.CN.md) - [688256.CN](https://longbridge.com/en/quote/688256.CN.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [159516.CN](https://longbridge.com/en/quote/159516.CN.md) - [159915.CN](https://longbridge.com/en/quote/159915.CN.md) - [159949.CN](https://longbridge.com/en/quote/159949.CN.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.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) - [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) - [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) - [HSMD.SG](https://longbridge.com/en/quote/HSMD.SG.md) - [06809.HK](https://longbridge.com/en/quote/06809.HK.md) - [03986.HK](https://longbridge.com/en/quote/03986.HK.md) ## Related News & Research - [SMIC files HKEX next-day disclosure return, lifts share capital by 92,340 shares](https://longbridge.com/en/news/297499675.md) - [CATL Gets Removal of Proposed Acceptance Notice for Environmental Impact Report of Jianxiawo Lithium Mine Project](https://longbridge.com/en/news/296983138.md) - [Seres-backed Aiva reportedly explores joining CATL battery swap network](https://longbridge.com/en/news/296920871.md) - [CATL's Subsidiary Partners Kunming SASAC on Strategic Co-op to Jointly Build 100 Choco-Swap Battery Swap Stations](https://longbridge.com/en/news/297008153.md) - [06:43 ETXense Robotics CEO Daolin Ma Publishes Bylined Article in the World Economic Forum](https://longbridge.com/en/news/297170304.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**