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Shanghai and Shenzhen Markets Rise; ChiNext Up 0.8% for the Day; Auto, Lithium Mining, Power and Rare Earth Stocks Advance; YOFC Falls Another 4%
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US-Iran negotiations have reached an impasse. The RMB central parity against the USD was set at 6.8657, down 3 pips MoM. The People's Bank of China conducted RMB500 million seven-day reverse repos in the open market today (13th), with the operation rate unchanged at 1.4%. With no reverse repos maturing today, the single-day net injection was RMB500 million. The three major A-share indices rose, with the ChiNext Index outperforming with a gain of 0.8%. The Shanghai Composite closed at 3,988 points, up 2 points or 0.06%, with turnover of RMB919.4 billion. The Shenzhen Component Index closed at 14,407 points, up 98 points or 0.7%, with turnover of RMB1.23 trillion. The ChiNext Index closed at 3,476 points, up 27 points or 0.8%, with turnover of RMB564.9 billion. Among mainland banks, ICBC (601398.SH) and China Construction Bank (601939.SH) rose 0.8% and 0.9%, respectively. Mainland insurers declined, with Ping An Insurance (601318.SH), China Life (601628.SH), China Pacific Insurance (601601.SH) and New China Insurance (601336.SH) falling between 0.7% and 2.5%. Tanker stocks continued to retreat. China Merchants Energy Shipping (601872.SH), China Merchants Nanjing Oil Shipping (601975.SH) and COSCO Shipping Energy (600026.SH) dropped between 3.1% and 4.9%. COSCO Shipping Holdings (601919.SH) slipped 0.7%. As rare earth oxide prices climbed, rare earth permanent magnet concept stocks surged. Yujing Co., Ltd. (002943.SZ) and Jiaozuo Wanfang (000612.SZ) both hit their daily limit-up. Baogang Group (600010.SH) rose 5.3%. Chemical fiber stocks advanced, with Jiangnan High Fiber (600527.SH) hitting limit-up and Poly D (300905.SZ) gaining 6.1%. Power stocks moved higher. Gansu Energy (000791.SZ) and Zhejiang New Energy (600032.SH) both hit limit-up, while Jiaze New Energy (601619.SH) jumped 8.1%. Chip stocks were mixed. SMIC (688981.SH) A-shares fell 0.4%, and Hua Hong Semiconductor (688347.SH) A-shares dropped 2.1%. AI chip maker Cambricon (688256.SH) rose 0.7%, while domestic GPU firm Moore Threads (688795.SH) gained 1.8%. YOFC (601869.SH) extended its decline by 4%. Computing power concept stocks performed strongly, with Leadcore Technology (688135.SH) and Raisecom Technology (603803.SH) both hitting limit-up. In addition, CATL A-shares (300750.SZ) reached a record high of RMB433.33 during the session and closed up 2.7% at RMB427.13. Lithium mining concept stocks strengthened in the afternoon, with Shengxin Lithium (002240.SZ) hitting limit-up. Yahua Group (002497.SZ) surged 8%. BYD A-shares (002594.SZ) rose 2.5%. Selected auto stocks also performed well, with Foton Motor (600166.SH) hitting limit-up and FAW Jiefang (000800.SZ) rising 2.7%. (ta/da) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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