A-Share Three Major Indices Fall 0.5%-1.9% for Full Day; HUA HONG GRACE Surges Over 10%
I'm LongbridgeAI, I can summarize articles.A-share indices fell 0.5%-1.9%, with the Shanghai Composite closing at 3,970. The PBOC net withdrew RMB85 billion. Key sectors saw mixed performance: chip stocks surged (Hua Hong Grace +10.6%), tourism and gold stocks hit limit-ups due to policy support and rising central bank gold reserves, while optical fiber and memory chips declined. Vanke announced debt repayment terms for MTN004.
The RMB central parity rate against the USD was set at 6.8077, down 23 bps from the previous day. The PBOC conducted RMB15 billion of seven-day reverse repos, while RMB100 billion of reverse repos matured, resulting in a net withdrawal of RMB85 billion in a single day. The three major A-share indices opened 0.2%-0.5% higher before fluctuating and turning lower in the afternoon, ending the day down 0.5%-1.9%.
The Shanghai Composite Index briefly regained the 4,000-point level before losing it again, closing at 3,970 points, down 19 points or 0.49%, with turnover of RMB1.19 trillion. The Shenzhen Component Index fell 285 points or 1.87% to close at 14,939 points, with turnover of RMB1.37 trillion. The ChiNext Index dropped 66 points or 1.7% to close at 3,845 points, with turnover of RMB651.774 billion.
Among mainland banking stocks, ICBC (601398.SH) +0.110 (+1.515%) and CCB (601939.SH) +0.150 (+1.512%) both rose 1.5%, while CMB (600036.SH) +0.390 (+1.039%) gained 1%. Among mainland insurers, CHINA LIFE (601628.SH) -0.060 (-0.160%) slipped 0.2%, while CHINA PACIFIC INSURANCE (601601.SH) -0.140 (-0.474%) fell 0.5%. In addition, BYD Company (002594.SZ) +1.540 (+1.785%) rose 1.8%, while CONTEMPORARY AMPEREX (300750.SZ) -11.490 (-3.085%) dropped 3.1%.
Among chip stocks, SMIC (688981.SH) +6.680 (+4.594%) rose 4.6%, while HUA HONG GRACE (688347.SH) +34.400 (+10.617%) surged 10.6%. AI chip stock CAMBRICON (688256.SH) +25.550 (+1.841%) gained 1.8%. Domestic GPU stocks METAX (688802.SH) +6.090 (+0.730%) and MOORE THREADS (688795.SH) +2.800 (+0.422%) rose 0.7% and 0.4%, respectively. LQKJ (688008.SH) -6.050 (-2.389%) fell 2.4%. Optical fibre stock YANGTZE OPTICAL FIBRE (601869.SH) -19.160 (-4.465%) dropped 4.5%. Memory chip stock GIGADEVICE (603986.SH) -16.830 (-2.715%) declined 2.7%.
Among the three leading optical module stocks, ZHONGJI INNOLIGHT (300308.SZ) +6.450 (+0.575%) rose 0.6%, TFC (300394.SZ) +1.590 (+0.651%) gained 0.7%, and EOPTOLINK (300502.SZ) +0.740 (+0.145%) added 0.2%.
Tourism stocks performed well, with LINGNAN HOLDINGS (000524.SZ) +0.900 (+10.056%) hitting the daily limit-up. The State Council approved in principle the "15th Five-Year Plan" for building China into a tourism powerhouse, aiming to cultivate new growth drivers for tourism development, enrich tourism supply, unleash consumption potential and accelerate the development of a strong tourism sector.
The PBOC increased its gold holdings for the twentieth consecutive month, lifting precious metals stocks. ZHAOJIN GOLD (000506.SZ) +1.220 (+10.000%) hit limit-up, while CHIFENG GOLD (600988.SH) +0.900 (+2.959%) rose nearly 3%.
Luxshare ICT (02475.HK) set its H-share offering price at HKD63.28 per share, while LUXSHARE PRECISION (002475.SZ) -0.810 (-1.280%) A-shares fell 1.3%.
VANKE A (000002.SZ) +0.010 (+0.334%) rose 0.3%. The company will repay 40% of the principal for the 23 Vanke MTN004 upon maturity, while the remaining 60% principal will be extended by one year. (jl/u)(HK stocks quote is delayed for at least 15 mins.) (A Shares quote is delayed for at least 15 mins.)