The three major A-share indices of the Shanghai and Shenzhen stock markets fell by 0.7% to 1% in the first half of the day, while gold stocks declined. Commercial aerospace and robotics concept stocks continued to rise against the trend

The People's Bank of China today (13th) conducted a 145 billion yuan (the same below) seven-day reverse repurchase operation, with the operation rate remaining at 1.4%. Today, 31.5 billion yuan of reverse repos matured, resulting in a net injection of 113.5 billion yuan for the day.

On the same day, the central bank conducted a 1 trillion yuan fixed-quantity, interest rate bidding, and multiple price-level reverse repurchase operation, with a term of six months (182 days). Today, 500 billion yuan of reverse repos matured.

The renminbi strengthened. Today, on the eve of the Spring Festival holiday, the three major A-share indices opened lower and continued to decline. The Shanghai Composite Index closed at 4,105 points, down 28 points or 0.7%, with a turnover of 508.55 billion yuan; the Shenzhen Index closed at 14,187 points, down 95 points or 0.7%, with a turnover of 695.3 billion yuan; the ChiNext Index closed at 3,295 points, down 32 points or 1%, with a turnover of 331.1 billion yuan.

Domestic bank stocks were weak, with Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) falling 0.3% and 1.3%, respectively. In addition, Contemporary Amperex Technology Co., Limited (300750.SZ) fell 2.1%. BYD (002594.SZ) also dropped 1%.

International gold prices fell significantly, leading to declines in gold-related stocks, with Shandong Gold (600547.SH), Chifeng Jilong Gold Mining (600988.SH), Zhongjin Gold (600489.SH), and Zhaojin Mining (000506.SZ) falling between 1.4% and 2.9%.

Commercial aerospace stocks continued to rise, with Yitian Co., Ltd. (300812.SZ) and Andawell (300719.SZ) both hitting the daily limit. Humanoid robot concept stocks were traded in rotation, with Tianqi Co., Ltd. (002009.SZ) and Baida Precision (603331.SH) both hitting the daily limit. Puni Testing (300887.SZ) rose 6.1%.

Chip-related stocks were favored, with SMIC (688981.SH) A shares steadily rising 0.3%. AI chip stock Cambricon (688256.SH) rose 0.6%. Hua Hong Semiconductor (688347.SH) A shares fell and then rose 2.5%, reporting a turnaround with a profit of 17.454 million USD in the last quarter, with revenue increasing by 22.4%, setting a historical high