The three major A-share indices of Shanghai and Shenzhen opened lower by 0.7% to 0.9%, with airline and chip stocks softening, while oil and gas stocks rebounded

In the New York late trading session, the offshore RMB once rose to 6.82 against the US dollar. The RMB/USD central parity rate was reported at 6.8649, up 31 points from the previous day.

The People's Bank of China today (9th) conducted a 500 million RMB (same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 500 million RMB of reverse repos are maturing. On the same day, 70 billion RMB of treasury cash deposits are maturing.

The three major A-share indices opened lower. The SSE Index opened at 3,967 points, down 27 points or 0.7%. The Shenzhen Component Index opened at 13,928 points, down 114 points or 0.8%. The ChiNext Index opened at 3,316 points, down 31 points or 0.9%.

Banking stocks opened flat. Industrial and Commercial Bank of China (601398.SH) opened unchanged. China Construction Bank (601939.SH) opened down 0.1%. In addition, Contemporary Amperex Technology Co., Limited (300750.SZ) opened up 0.7%. BYD (002594.SZ) plans to open 20 car dealerships in Canada, opening down 1%.

Oil and gas stocks rebounded, with Zhongman Petroleum and Natural Gas (603619.SH) and Shandong Molong Petroleum Machinery (002490.SZ) opening up 1% and 3.1%, respectively.

Aviation stocks fell back, with China Eastern Airlines (600115.SH), Air China (601111.SH), and China Southern Airlines (600029.SH) opening down 2.6%-2.8%.

Chip stocks softened, with Semiconductor Manufacturing International Corporation (688981.SH) A shares opening down 1.8%. Hua Hong Semiconductor (688347.SH) A shares opened down 1.9%. AI chip stock Cambricon Technologies (688256.SH) opened down 0.3%. Domestic GPU stocks Muxi Co., Ltd. (688802.SH) and Moore Threads (688795.SH) opened down 1.2% and 1.3%, respectively