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%.A-Share Three Major Indices Gain 0.8%-1.3% at Midday; CXMT Jumps 9% with Mkt Cap Exceeding RMB4T; KWEICHOW MOUTAI Drops Over 4%
AASTOCKS News·- China's three major A-share indices rose 0.8% to 1.3% by midday on 17 Aug 2026, alongside the RMB central parity rate reaching 6.7873. - Chip stocks and major sectors generally advanced, highlighted by CXMT surging 9% with its market capitalization surpassing RMB 4.02 trillion. - KWEICHOW MOUTAI dropped over 4% after reporting a 1.95% YoY decline in 1H26 net profit to RMB 44.517 billion.