A-Share Three Major Indices Gain 0.8%-1.3% at Midday; CXMT Jumps 9% with Mkt Cap Exceeding RMB4T; KWEICHOW MOUTAI Drops Over 4%
AASTOCKS News·- China's three major A-share indices rose 0.8% to 1.3% by midday on 17 Aug 2026, alongside the RMB central parity rate reaching 6.7873. - Chip stocks and major sectors generally advanced, highlighted by CXMT surging 9% with its market capitalization surpassing RMB 4.02 trillion. - KWEICHOW MOUTAI dropped over 4% after reporting a 1.95% YoY decline in 1H26 net profit to RMB 44.517 billion.CN Mutual Funds Cut Consumer Stocks Sharply in 2Q, Rotate Into AI-Related Shares
AASTOCKS News·- Mainland China's public mutual funds notably adjusted their portfolios in the second quarter, favoring AI-related shares over consumer stocks. - Significant shifts included E Fund Blue Chip Selected Mixed Fund reducing its holdings in Chinese Baijiu stocks from 30% to 13%, while increasing investment in AI stocks like SMIC and DONGSHAN PRECISION. - IGW Core Competence Mixed Securities Fund also replaced prior holdings with AI concept stocks such as ZHONGJI INNOLIGHT and PIOTECH in its top 10 holdings.