- The RMB central parity against the USD was set at 6.8166, reflecting an adjustment of 43 bps MoM, while the PBOC conducted RMB231.5 billion in reverse repo operations at a steady rate of 1.4%.
- Major A-share indices opened lower, with declines ranging from 2.1% to 3.7% by midday, while the Shanghai Composite Index closed at 4,032, down 2.14%.
- Financial and technology stocks saw significant losses, with notable drops in companies like ICBC, BYD, and various chipmakers amid external market pressures.
