Shanghai Composite Opens Down 6 Pts; LQKJ Up Nearly 5%
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The Shanghai Composite Index opened down 6 points (0.17%) at 4,068, while the Shenzhen Component and ChiNext indices rose. In the chip sector, LQKJ surged nearly 5%, and Yangtze Optical Fibre gained 3.5%. Major banks like ICBC and CCB saw slight declines. Meanwhile, the PBOC conducted no seven-day reverse repo operations, resulting in a net withdrawal of RMB177.6 billion.
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