The three major indices of the Shanghai and Shenzhen A-shares opened lower by 0.2% to 0.5%, while military stocks continued to rise against the trend

AASTOCKS
2025.11.18 01:29

The People's Bank of China today (18th) conducted a seven-day reverse repurchase operation of 407.5 billion yuan (the same below) in the open market, with the operation interest rate remaining at 1.4%. Today, 403.8 billion yuan of reverse repos are maturing, resulting in a net injection of 3.7 billion yuan for the day. The central parity rate of the yuan against the US dollar was lowered by 40 points to 7.0856 per US dollar.

The three major A-share indices opened lower. The Shanghai Composite Index opened at 3,962 points, down 9 points or 0.2%. The Shenzhen Component Index opened at 13,161 points, down 40 points or 0.3%. The ChiNext Index opened down 15 points or 0.5%, at 3,089 points.

Banking stocks such as Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) opened down 0.4% and 0.1%, respectively. In addition, CATL (300750.SZ) opened down 0.5%. BYD (002594.SZ) opened down 0.6%.

Leading chip stocks such as SMIC (688981.SH) opened down 0.1%. Hua Hong (688347.SH) opened flat. Technology stock Cambrian (688256.SH) opened up 0.2%.

Military industry stocks continued to rise, with JL (300589.SZ) and GreatWall Military (601606.SH) opening up 3.1% and 6.5%, respectively

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