Shanghai & Shenzhen A-Share Indices Open Down 0.1% to 0.3%, GIGADEVICE Falls Over 3%
I'm LongbridgeAI, I can summarize articles.The Shanghai and Shenzhen A-share indices opened down by 0.1% to 0.3%, with the Shanghai Composite Index down 0.33% at 4,080. GIGADEVICE fell over 3.7%. The RMB central parity against USD was set at 6.8240, with a net daily injection of RMB1.3 billion from PBOC's reverse repo operations. Major financial stocks also opened lower, while some chip stocks showed mixed results.
The RMB central parity against USD was set at 6.8240, adjusted up by 51 bps MoM. The PBOC conducted seven-day reverse repo operations worth RMB101.3 billion in the open market today (28th), with the operation rate unchanged at 1.4%. Meanwhile, RMB100 billion of reverse repos matured, resulting in a net daily injection of RMB1.3 billion. The three major A-share indices opened down by 0.1% to 0.3%.
The Shanghai Composite Index opened down 13 points, or 0.33%, at 4,080. The Shenzhen Component Index opened down 45 points, or 0.29%, at 15,691. The ChiNext Index opened down 3 points, or 0.09%, at 4,042.
Among financials, ICBC (601398.SH) +0.010 (+0.140%) opened down 0.1%, while CCB (601939.SH) +0.010 (+0.098%) opened down 0.2%. In the insurance sector, CHINA LIFE (601628.SH) -0.160 (-0.478%) opened down 0.1%, and CHINA PACIFIC INSURANCE (601601.SH) -0.330 (-1.011%) opened down 0.1%. In addition, BYD Company (002594.SZ) -0.840 (-0.882%) opened flat. CONTEMPORARY AMPEREX (300750.SZ) +0.480 (+0.116%) opened up 1.3%.
Among chip stocks, SMIC (688981.SH) +3.610 (+2.469%) and HUA HONG (688347.SH) +17.620 (+8.172%) opened down 0.2% and up nearly 1%, respectively. AI chip maker CAMBRICON (688256.SH) +29.150 (+2.175%) opened up 1.6%. Domestic GPU-related stocks METAX (688802.SH) -13.730 (-1.976%) and MOORE THREADS (688795.SH) -14.400 (-2.136%) opened up 0.7% and down 0.6%, respectively. LQKJ (688008.SH) -10.740 (-4.045%) opened down 2.1%. Optical fibre maker YANGTZE OPTICAL FIBRE (601869.SH) -10.940 (-2.988%) opened down 1.5%. Memory chip stock GIGADEVICE (603986.SH) -35.570 (-6.918%) opened down 3.7%. (jl/a)(A Shares quote is delayed for at least 15 mins.)