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JP Morgan lists the Chinese stocks that are most negatively impacted by the appreciation of the RMB (Table)

JP Morgan listed the companies affected by the appreciation of the RMB on the earnings of Chinese stocks, indicating that a 5% appreciation of the RMB against the USD will negatively impact the net profits of several companies. The affected companies include SHENZHOU INTL, Super Ocean International, SMIC, USISH, COWELL, Longi Green Energy, SINOCERA MATERIAL, Zhejiang Dingli, Sany, XCMG, WUXI BIO, WUXI XDC, Jereh Holdings, and Sinopec Oilfield Service, with an expected impact range of 7% to 15%

Hong Kong stocks closed: Hang Seng Index rose 1.76%, Montage Technology surged over 63% on its first day

Hong Kong stocks performed strongly today, with the Hang Seng Index rising by 1.76% and the Hang Seng Tech Index increasing by 1.34%. Semiconductor and technology stocks generally rose, with SMIC up over 4%, Baidu up over 3%, and KNOWLEDGE ATLAS up over 36%. Montage Technology performed outstandingly on its first day of listing, with an increase of over 63%

The three major A-share indices of Shanghai and Shenzhen closed near their highs for the day, rising between 1.4% and 3%. Domestic insurance and real estate stocks strengthened, while semiconductor, computing power, and commercial aerospace stocks surged

The three major A-share indices closed higher for the day, with an increase of about 1% to 3%. The Shanghai Composite Index rose 1.4% to 4,123 points, the Shenzhen Component Index rose 2.2% to 14,208 points, and the ChiNext Index rose 3% to 3,332 points. Domestic insurance and real estate stocks strengthened, with Ping An rising 2.7% and China Life rising 3.2%. Real estate stocks such as Beijing Investment Development hit the daily limit, Vanke A and Gemdale rose 3% to 5.7%. Chip stocks performed strongly, with SMIC A rising 2% and Cambricon rising 4.8%. The central parity rate of the RMB against the US dollar was adjusted up by 67 points, reported at 6.9523

The Hang Seng Tech Index's afternoon gains expanded to 2%, with SMIC and Hua Hong both rising over 4%

The three major A-share indices of Shanghai and Shenzhen opened significantly higher by 0.9% to 2%, with gold and chip stocks rising

The three major A-share indices opened significantly higher, with an increase ranging from 0.9% to 2%. The central parity rate of the RMB against the US dollar was raised by 67 points to 6.9523. The People's Bank of China conducted a 113 billion yuan seven-day reverse repurchase operation, with a net injection of 38 billion yuan for the day. Gold and chip stocks performed strongly, with Shandong Gold and other gold stocks opening up by 1.6% to 2.4%, and chip stocks such as SMIC and Hua Hong opening up by 1.9% to 3.6%