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<A Shrs> Shanghai and Shenzhen Indices Open Mixed; CNOOC Soft; CATL Opens Down 2.5%
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The central parity rate of RMB against USD was set at 6.8648, down 26 bps from the previous day. The People's Bank of China announced that the one-year and five-year Loan Prime Rate (LPR) for April were kept unchanged at 3% and 3.5% respectively, in line with market expectations. Today (20th), the PBOC conducted RMB500 million seven-day reverse repo operations in the open market at an unchanged interest rate of 1.4%. RMB500 million of reverse repos matured today. The three major A-share indices opened mixed. The Shanghai Composite Index opened at 4,005 points, up 1 point or 0.05%. The Shenzhen Component Index opened at 14,870 points, down 14 points or 0.1%. The ChiNext Index opened at 3,657 points, down 20 points or 0.6%. Among mainland bank stocks, ICBC (601398.SH) and China Construction Bank (601939.SH) both opened flat. In addition, CATL (300750.SZ) opened down 2.5%, while BYD (002594.SZ) opened flat. Iran fired over the weekend to force back oil tankers and reimposed a blockade on the Strait of Hormuz less than 24 hours after announcing its reopening, accusing the US of failing to lift its maritime blockade as promised. International oil prices rose accordingly. CNOOC (600938.SH) and PetroChina (601857.SH) opened down 0.9% and 0.4%, respectively. Chip stocks were firm. SMIC (688981.SH) A-shares opened up 0.7%. Hua Hong Semiconductor (688347.SH) A-shares opened up 1.5%. AI chipmaker Cambricon (688256.SH) opened up 0.5%. Hikvision (002415.SZ) opened up 5.1%. The company reported net profit of RMB2.781 billion for 1Q26, up 36.42% YoY. 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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