Shanghai Composite Opens Down 3 pts; ZHONGJI INNOLIGHT Opens Nearly 3% Higher; Chinese Banks Soft
AASTOCKS News·- The RMB central parity rate was set at 6.7904 with the PBOC executing a net daily withdrawal of RMB 133 billion through open market operations. - The three major A-share indices opened mixed, as Chinese bank stocks traded soft and major photovoltaic stocks exhibited divergent movements following new trade measures. - Sector performances varied significantly with optical module players opening higher while chip and insurance stocks experienced mild declines.HSI Closes at 25,310, Up 103 pts; HSTI Closes at 4,730, Up 28 pts; LAOPU GOLD Down over 23%; CCB, MIDEA GROUP, ICBC, BOC HONG KONG, DAHSING BANKING Hit New Highs; Market Turnover Rises
AASTOCKS News·- The Hang Seng Index (HSI) rose by 103 points, or 0.4%, closing at 25,310, with a total market turnover of $250.63 billion. - Notable gainers included Xiaomi and Meituan, while Laopu Gold suffered a significant drop of 23.8%. - Short selling activity remained high, particularly in heavyweights like CCB and Tencent, indicating a mixed sentiment in the market.HSI Closes at 25,132, Down 10 pts; HSTI Closes at 4,814, Up 62 pts; LENOVO GROUP Up over 8%; MIDEA GROUP Hit New Highs; Market Turnover Rises
AASTOCKS News·- At market close, the HSI declined by 10 points, remaining relatively stable at 25,132, while the HSTI increased by 62 points to 4,814. - Key active stocks include MEITUAN and CCB, both down by 1.3%, whereas LENOVO GROUP and SMIC saw significant gains, rising by 8.5% and 8.2%, respectively. - Market turnover was reported at $289.94 billion, reflecting varied investor activity across heavily traded stocks.