Shanghai Composite Opens Down 2pts; Chinese Banks Soft; YUSHU TECHNOLOGY Slumps Nearly 5%
AASTOCKS News·- The PBOC conducted RMB 340 billion of 7-day reverse repo operations, leading to a net injection of RMB 340 billion as the RMB central parity rate against the USD was set at 6.7841. - The three major A-share indices opened mixed, with the Shanghai Composite Index down 2 pts at 3,902, the Shenzhen Component Index up 23 pts at 14,118, and the ChiNext Index up 4 pts at 3,550. - Chinese bank and insurer stocks generally opened soft, while major tech, chip, and optical module stocks experienced varied trading performances alongside YUSHU TECHNOLOGY slumping nearly 5%.Shanghai Composite Opens Down 3 pts; ZHONGJI INNOLIGHT Opens Nearly 3% Higher; Chinese Banks Soft
AASTOCKS News·- The RMB central parity rate was set at 6.7904 with the PBOC executing a net daily withdrawal of RMB 133 billion through open market operations. - The three major A-share indices opened mixed, as Chinese bank stocks traded soft and major photovoltaic stocks exhibited divergent movements following new trade measures. - Sector performances varied significantly with optical module players opening higher while chip and insurance stocks experienced mild declines.China Construction Bank edges up to record high in Hong Kong
HK Stock Market Update·HSI Up 346 pts; HSTI Up 104 pts; XIAOMI Up over 9%; TENCENT Up over 4%; MENGNIU DAIRY, MIDEA GROUP, ICBC Hit New Highs
AASTOCKS News·- At the midday close, Hong Kong stocks rose broadly, with the Hang Seng Index increasing by 346 pts or 1.4% to 25,657 and the Hang Seng Tech Index gaining 104 pts or 2.2% to 4,834. - Major heavyweights and constituents posted strong gains, led by XIAOMI surging over 9% and LI AUTO climbing 10.1%. - Meanwhile, MENGNIU DAIRY, MIDEA GROUP, and ICBC hit new highs during the trading session.