Shanghai Composite Opens Up 2 pts; Humanoid Robot Concept Stocks Rally; GIGADEVICE Opens Down Over 3%
I'm LongbridgeAI, I can summarize articles.Shanghai Composite opened up 2 pts at 4,031, while Shenzhen and ChiNext indices fell. Humanoid robot concept stocks rallied, with Leadshine hitting the daily limit. GigaDevice dropped over 3%. Macro data showed RMB net liquidity withdrawal of 168.5 billion. BOE A announced new tech project teams despite a price drop. Vanke rose after signing an agreement with Shenzhen Metro Group.
The RMB central parity against the USD was set at 6.8047, up 41 bps daily. The PBOC conducted RMB63 billion of seven-day reverse repos at an unchanged operating rate of 1.4%. Meanwhile, RMB231.5 billion of reverse repos matured, resulting in a net daily liquidity withdrawal of RMB168.5 billion. The three major A-share indices opened mixed.
The Shanghai Composite Index opened up 2 pts, or 0.06%, at 4,031. The Shenzhen Component Index opened down 18 pts, or 0.12%, at 15,480. The ChiNext Index opened down 6 pts, or 0.16%, at 4,010.
Among Chinese bank stocks, ICBC (601398.SH) -0.010 (-0.142%) opened down 0.3%, CCB (601939.SH) -0.020 (-0.208%) opened down 0.4%, while CMB (600036.SH) +0.200 (+0.546%) opened up 0.2%. Among Chinese insurers, CHINA LIFE (601628.SH) -0.280 (-0.727%) opened up 0.8% and CHINA PACIFIC INSURANCE (601601.SH) +0.070 (+0.236%) opened up 0.9%. In addition, BYD Company (002594.SZ) +3.600 (+4.308%) opened up 0.2%, while CONTEMPORARY AMPEREX (300750.SZ) +1.850 (+0.484%) opened down 0.1%.
Among chip stocks, SMIC (688981.SH) +0.900 (+0.625%) opened up 0.6% and HUA HONG GRACE (688347.SH) +6.370 (+2.239%) opened up 1.2%. AI chip stock CAMBRICON (688256.SH) +6.660 (+0.485%) opened down 2%. Domestic GPU stocks METAX (688802.SH) +1.890 (+0.261%) and MOORE THREADS (688795.SH) +7.390 (+1.152%) opened up 1% and 0.4%, respectively. LQKJ (688008.SH) -3.650 (-1.356%) opened down 2.6%. Optical fiber stock YANGTZE OPTICAL FIBRE (601869.SH) +1.660 (+0.357%) opened down 0.9%. Memory chip stock GIGADEVICE (603986.SH) -3.060 (-0.440%) opened down 3.2%.
BOE A (000725.SZ) -0.540 (-5.934%) said it has established project teams for Micro LED optical interconnection systems and glass substrate CPO technology development to accelerate technological breakthroughs, though its share price opened down 2.6%.
Humanoid robot concept stocks surged, with LEADSHINE (002979.SZ) +6.320 (+9.995%) hitting the daily upper limit at the open, while JINGXING PAPER (002067.SZ) +0.380 (+9.948%) opened up 9.7%.
VANKE A (000002.SZ) +0.070 (+2.288%) opened up 2.3% after the company signed an accounts receivable pledge agreement with Shenzhen Metro Group.
DHI H shares were added to the Shenzhen-Hong Kong Stock Connect eligible securities list of the Shenzhen Stock Exchange. DHI (002487.SZ) +0.410 (+0.750%) opened up 1.8%. (jl/da)(A Shares quote is delayed for at least 15 mins.)