--- title: "A-Share Three Major Indices Slide 1.8%-2.3% at Midday; Suiyuan Tech Soars 1.8x on Debut, YUSHU TECHNOLOGY Slumps Nearly 5%" type: "News" locale: "en" url: "https://longbridge.com/en/news/298677388.md" description: "A-share indices fell 1.8%-2.3% by midday, with Shanghai Composite down 1.82%. The PBOC injected RMB4 billion via reverse repos. Bank stocks rose slightly, while insurers and chip stocks declined. Suiyuan Tech surged 179% on debut, whereas Yushu Technology dropped nearly 5%." datetime: "2026-09-11T04:05:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298677388.md) - [en](https://longbridge.com/en/news/298677388.md) - [zh-HK](https://longbridge.com/zh-HK/news/298677388.md) generator: "portal-rs" --- # A-Share Three Major Indices Slide 1.8%-2.3% at Midday; Suiyuan Tech Soars 1.8x on Debut, YUSHU TECHNOLOGY Slumps Nearly 5% The central parity rate of RMB against USD was set at 6.7743, up 23 bps daily and hitting a new high since 6 February 2023. The PBOC conducted RMB4 billion of 7-day reverse repo operations today (11th), with the operation rate unchanged at 1.4%. As no reverse repos matured today, the single-day net injection amounted to RMB4 billion. The three major A-share indices opened lower by 0.6% to nearly 1%, with losses widening afterward. By midday, the indices had fallen 1.8% to 2.3%. The Shanghai Composite Index dropped 71 points, or 1.82%, to close the morning at 3,862, with turnover of RMB619.18 billion. The Shenzhen Component Index fell 318 points, or 2.34%, to 13,298, with turnover of RMB655.668 billion. The ChiNext Index declined 68 points, or 2.04%, to 3,270, with turnover of RMB291.411 billion. Among mainland bank stocks, ICBC (601398.SH) +0.070 (+0.864%) rose 0.9%, CCB (601939.SH) +0.160 (+1.461%) gained 1.5%, AGRICULTURAL BANK (601288.SH) +0.080 (+1.153%) added 1.2%, CMB (600036.SH) -0.070 (-0.168%) slipped 0.2%, while BANK OF CHINA (601988.SH) +0.070 (+1.072%) climbed 1.1%. Among mainland insurers, CHINA LIFE (601628.SH) -0.110 (-0.287%) fell 0.3%, PING AN OF CHINA (601318.SH) -0.290 (-0.522%) dropped 0.5%, and THE PEOPLE'S INSURANCE (601319.SH) -0.060 (-0.756%) declined 0.8%. In addition, BYD Company (002594.SZ) -0.050 (-0.060%) edged down 0.1%, while CONTEMPORARY AMPEREX (300750.SZ) -8.410 (-2.488%) sank 2.5%. Among chip stocks, HUA HONG GRACE (688347.SH) -11.130 (-4.966%) slid nearly 5%, while SMIC (688981.SH) -3.080 (-2.584%) dropped 2.6%. AI chip stock CAMBRICON (688256.SH) -35.840 (-3.433%) fell 3.4%. Domestic GPU stocks METAX (688802.SH) -27.800 (-5.630%) and MOORE THREADS (688795.SH) -16.200 (-4.450%) lost 5.6% and 4.5%, respectively. LQKJ (688008.SH) -6.910 (-3.538%) declined 3.5%. Optical fibre stock YANGTZE OPTICAL FIBRE (601869.SH) +0.560 (+0.129%) gained 0.1%. Memory chip stock GIGADEVICE (603986.SH) -16.120 (-4.235%) fell 4.2%. SEMIGHT INSTRUMENTS (688808.SH) -25.920 (-1.064%) dropped 1.1%, while CXMT (688825.SH) -2.240 (-3.916%) lost 3.9%. Among the three major optical module players known as "Yi Zhong Tian", ZHONGJI INNOLIGHT (300308.SZ) +16.270 (+1.828%) rose 1.8%, TFC (300394.SZ) -13.840 (-5.145%) dropped 5.1%, and EOPTOLINK (300502.SZ) +4.100 (+0.998%) gained 1%. YUSHU TECHNOLOGY (688836.SH) -24.850 (-4.984%) fell nearly 5%. Suiyuan Tech (688801.SH) +254.430 (+178.949%) debuted on the STAR Market. The stock opened 1.9x higher at RMB410 and was up 1.8x at midday at RMB396.61.(jl/ad)(A Shares quote is delayed for at least 15 mins.) ### Related Stocks - [688836.CN](https://longbridge.com/en/quote/688836.CN.md) - [688801.CN](https://longbridge.com/en/quote/688801.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) - [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) - [601288.CN](https://longbridge.com/en/quote/601288.CN.md) - [01288.HK](https://longbridge.com/en/quote/01288.HK.md) - [600036.CN](https://longbridge.com/en/quote/600036.CN.md) - [03968.HK](https://longbridge.com/en/quote/03968.HK.md) - [601988.CN](https://longbridge.com/en/quote/601988.CN.md) - [03988.HK](https://longbridge.com/en/quote/03988.HK.md) - [601628.CN](https://longbridge.com/en/quote/601628.CN.md) - [02628.HK](https://longbridge.com/en/quote/02628.HK.md) - [601318.CN](https://longbridge.com/en/quote/601318.CN.md) - [02318.HK](https://longbridge.com/en/quote/02318.HK.md) - [601319.CN](https://longbridge.com/en/quote/601319.CN.md) - [01339.HK](https://longbridge.com/en/quote/01339.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) - [688347.CN](https://longbridge.com/en/quote/688347.CN.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [688981.CN](https://longbridge.com/en/quote/688981.CN.md) - [00981.HK](https://longbridge.com/en/quote/00981.HK.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) - [688808.CN](https://longbridge.com/en/quote/688808.CN.md) - [688825.CN](https://longbridge.com/en/quote/688825.CN.md) - [300308.CN](https://longbridge.com/en/quote/300308.CN.md) - [300394.CN](https://longbridge.com/en/quote/300394.CN.md) - [300502.CN](https://longbridge.com/en/quote/300502.CN.md) - [02388.HK](https://longbridge.com/en/quote/02388.HK.md) - [BACHY.US](https://longbridge.com/en/quote/BACHY.US.md) - [82318.HK](https://longbridge.com/en/quote/82318.HK.md) - [PNGAY.US](https://longbridge.com/en/quote/PNGAY.US.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) - [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 - [Tencent-backed Enflame to open up 188% in Shanghai debut after $912 million IPO](https://longbridge.com/en/news/298663662.md) - [EXPLAINER-What is Unitree and why are China’s humanoid robot makers racing to list?](https://longbridge.com/en/news/295349610.md) - [BREAKINGVIEWS-China's robots fail early market test](https://longbridge.com/en/news/297260520.md) - [Humanoid robot makers announce fresh breakthroughs as competition heats up](https://longbridge.com/en/news/299671108.md) - [Chinese regulators slow humanoid robot IPO wave - report](https://longbridge.com/en/news/299644004.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**