--- title: "The Shanghai Composite Index fell 6 points in the first half of the day, with stablecoin concept stocks active" type: "News" locale: "en" url: "https://longbridge.com/en/news/244819013.md" description: "Today, the Shanghai Composite Index fell 6 points in the first half of the day, closing at 3,382 points, with a turnover of 284.6 billion yuan. The Shenzhen Component Index closed flat, and the ChiNext Index fell 2 points. The central parity rate of the yuan against the US dollar was adjusted up by 43 points, reported at 7.1746. Stablecoin concept stocks were active, with Chase, Hengbao Co., LTD., and GCLET all hitting the daily limit. Domestic bank stocks performed steadily, BYD slightly declined in the automotive sector, while CATL saw a slight increase in the battery sector. The performance of the three major oil companies was mixed, with Sinopec and PetroChina rising, while CNOOC fell" datetime: "2025-06-17T03:33:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/244819013.md) - [en](https://longbridge.com/en/news/244819013.md) - [zh-HK](https://longbridge.com/zh-HK/news/244819013.md) generator: "portal-rs" --- # The Shanghai Composite Index fell 6 points in the first half of the day, with stablecoin concept stocks active The People's Bank of China today (17th) conducted a 7-day reverse repurchase operation of 197.3 billion yuan (the same below), with the operation rate remaining at 1.4%, resulting in a net withdrawal of 1.3 billion yuan for the day. The central parity rate of the yuan against the US dollar was adjusted upward by 43 points, reported at 7.1746 to one US dollar. The market is paying attention to the developments in the geopolitical situation in the Middle East. The three major A-share indices showed little change in the half-day session, with the Shanghai Composite Index down 6 points or 0.2%, reported at 3,382 points, with a turnover of 284.6 billion yuan; the Shenzhen Component Index remained flat at 10,163 points, with a turnover of 486.9 billion yuan; the ChiNext Index fell 2 points or 0.14%, reported at 2,054 points, with a turnover of 244.3 billion yuan. Domestic bank stocks saw slight movements, with Industrial and Commercial Bank of China (601398.SH) up 0.1%, and China Construction Bank (601939.SH) remaining flat at 9 yuan for the half-day. In the automotive sector, BYD (002594.SZ) fell 0.2%. As for battery stocks, Contemporary Amperex Technology Co., Limited (300750.SZ) rose 0.3%. Domestic property stocks were weak, with China Vanke (600383.SH), Vanke A (000002.SZ), Poly Developments and Holdings (600048.SH), and Greenland Holdings (600606.SH) falling between 0.3% and 0.9%. Stablecoin concept stocks were active, with Chase (300941.SZ), Hengbao Co., LTD. (002104.SZ), and GCLET (002015.SZ) all hitting the daily limit. The "three oil giants" showed mixed performance in the morning session, with Sinopec (600028.SH) up 1.2%, PetroChina (601857.SH) up 0.8%, and CNOOC (600938.SH) down 1.5% ### Related Stocks - [300941.CN](https://longbridge.com/en/quote/300941.CN.md) - [002104.CN](https://longbridge.com/en/quote/002104.CN.md) - [002015.CN](https://longbridge.com/en/quote/002015.CN.md) - [00535.HK](https://longbridge.com/en/quote/00535.HK.md) - [00386.HK](https://longbridge.com/en/quote/00386.HK.md) - [00939.HK](https://longbridge.com/en/quote/00939.HK.md) - [01398.HK](https://longbridge.com/en/quote/01398.HK.md) - [300750.CN](https://longbridge.com/en/quote/300750.CN.md) - [03750.HK](https://longbridge.com/en/quote/03750.HK.md) - [01211.HK](https://longbridge.com/en/quote/01211.HK.md) - [00883.HK](https://longbridge.com/en/quote/00883.HK.md) - [00857.HK](https://longbridge.com/en/quote/00857.HK.md) - [600048.CN](https://longbridge.com/en/quote/600048.CN.md) - [600606.CN](https://longbridge.com/en/quote/600606.CN.md) - [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md) ## Related News & Research - [MINEST: Record-breaking production and improved financials support global tidal energy expansion](https://longbridge.com/en/news/296446821.md) - [REG - Windar Photonics PLC - Result of Placing & Direct Subscription](https://longbridge.com/en/news/296816414.md) - [Hugoton Royalty Trust declares no August cash distribution for May 2026 production](https://longbridge.com/en/news/296632611.md) - [Galway Metals (CVE:GWM) Director Purchases 80,000 Shares of Stock](https://longbridge.com/en/news/296527906.md) - [Equatorial Energia hosts investor day with group meetings in São Paulo](https://longbridge.com/en/news/296497090.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**