Shanghai and Shenzhen Indices Open Down 0.2% to 0.4%; HUA HONG Opens Over 4% Lower
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Shanghai and Shenzhen indices opened down 0.2% to 0.4%, with the Shanghai Composite at 4,044 and Shenzhen Component at 15,595. The PBOC injected RMB92 billion net via reverse repos. Financials like ICBC and China Life rose slightly. Semiconductor stocks fell sharply, led by Hua Hong (-4.1%) and SMIC (-2.9%), while domestic GPU names showed mixed performance.
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