The three major A-share indices of the Shanghai and Shenzhen stock exchanges opened slightly higher, with steel stocks showing mixed performance

AASTOCKS
2025.07.03 01:31

The People's Bank of China today (3rd) conducted a 572 billion yuan (the same below) seven-day reverse repurchase operation in the open market, with the operation interest rate remaining at 1.4%. Today, 509.3 billion yuan of reverse repos are maturing, resulting in a net withdrawal of 452.1 billion yuan for the day. The central parity rate of the yuan against the US dollar is reported at 7.1523, an increase of 23 points.

The three major A-share indices opened slightly higher. The SSE Index opened at 3,456 points, up 1 point or 0.04%. The Shenzhen Index opened at 10,431 points, up 18 points or 0.2%. The ChiNext Index opened up 7 points or 0.3%, at 2,130 points.

Banking stocks saw mixed performance, with China Construction Bank (601939.SH) opening up 0.1%, and Industrial and Commercial Bank of China (601398.SH) opening flat.

Steel stocks showed varied movements, with Wujin Stainless (603878.SH) opening down 3.2%, and LIU STEEL CO (601003.SH) opening up 9.6%.

BYD (002594.SZ) opened up 0.1%. Contemporary Amperex Technology Co., Limited (300750.SZ) opened up 0.4%

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