The three major indices of the Shanghai and Shenzhen A-shares fell by 0.2% to 0.4% in the half-day session, while Hainan Free Trade Zone concept stocks rose against the trend

The People's Bank of China today (7th) conducted a seven-day reverse repurchase operation of 141.7 billion yuan (the same below) in the open market, with the operation interest rate remaining at 1.4%. Additionally, 355.1 billion yuan of reverse repos are maturing, resulting in a net withdrawal of 213.4 billion yuan for the day. The central parity rate of the yuan against the US dollar was adjusted up by 29 points to 7.0836 per US dollar.

In October, mainland exports in US dollars fell by 1.1% year-on-year, while imports increased by 1%, resulting in a trade surplus of 90.07 billion US dollars, all of which fell short of market expectations. In terms of yuan, October exports fell by 0.8% year-on-year, imports rose by 1.4%, and the trade surplus was 640.49 billion yuan.

After opening lower by 0.3% to 0.7%, the three major A-share indices fell by 0.2% to 0.4% at midday. The Shanghai Composite Index fell by 6 points or 0.2% to 4,001 points, with a turnover of 550.44 billion yuan; the Shenzhen Component Index fell by 21 points or 0.2% to 13,431 points, with a turnover of 703.05 billion yuan; the ChiNext Index fell by 11 points or 0.4% to 3,212 points, with a turnover of 308.35 billion yuan.

In the banking sector, Industrial and Commercial Bank of China (601398.SH) fell by 0.7%, and China Construction Bank (601939.SH) fell by 0.5%. Additionally, Contemporary Amperex Technology Co., Limited (300750.SZ) fell by 0.7%. BYD (002594.SZ) rose by 0.1%.

Among leading chip stocks, Semiconductor Manufacturing International Corporation (688981.SH) and Hua Hong Semiconductor (688347.SH) fell by 1.8% and 3.5%, respectively, with Hua Hong's net profit for the third quarter down 42.6% year-on-year to 25.725 million US dollars. Technology stock Cambricon Technologies (688256.SH) fell by 2.1%. Wingtech Technology (600745.SH) fell by 0.9%.

The Hainan Free Trade Port will officially launch its full island closure operation on December 18. Stocks related to the Hainan Free Trade Zone rose, with HAIMA AUTO (000572.SZ) and Hainan Mining (601969.SH) hitting the daily limit, and Caesar Travel Group (000796.SZ) rising by over 8%