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<A Shrs> Three Major A-share Indices Rebound in Afternoon; SHCI Closes Above 4,100 with Turnover Support; China Unicom Down Over 3% Post-results; Semiconductor-related Stocks Rally
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The central parity rate of RMB against USD was set at 6.8635, down 41 bps MoM. The Peoples Bank of China conducted RMB6 billion seven-day reverse repos in the open market today (22nd), with the operation rate unchanged at 1.4%. With RMB500 million of reverse repos maturing today, the net liquidity injection for the day was RMB5.5 billion. The three major A-share indices opened lower in the morning but rebounded in the afternoon. The SHCI regained the 4,100 level, while the ChiNext Index outperformed with a gain of over 1%. The SHCI closed near the days peak at 4,106, up 21 points or 0.5%, with turnover of RMB1.09 trillion. The SZSE Component Index closed near the high at 15,177, up 195 points or 1.3%, with turnover of RMB1.47 trillion. The ChiNext Index closed near the high at 3,752, up 63 points or 1.7%, with turnover of RMB691 billion. Mainland banking stocks softened. Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) fell 1.3% and 0.6%, respectively. Contemporary Amperex Technology (300750.SZ) launched a new battery, but its shares slipped 1%. BYD (002594.SZ) closed flat. China Unicom (600050.SH) declined 3.4% after its 1Q26 net profit fell 17.6% YoY. China Mobile (600941.SH) edged down 0.9%. Selected brokerage stocks rebounded. Harbin Investment (600864.SH) surged 6.6%. Huatai Securities (601688.SH), GF Securities (000776.SZ) and First Capital (002797.SZ) each rose over 2%. Leading chipmakers stabilized. Semiconductor Manufacturing International Corporation (688981.SH) A-shares gained 0.4%. Hua Hong Semiconductor (688347.SH) A-shares rose 0.6%. AI chipmaker Cambricon (688256.SH) added 0.5%. Rockchip (603893.SH) climbed 2.3% after reporting 1Q26 net profit of RMB329 million, up 57.15% YoY. Semiconductor-related stocks rallied. Luwei Optoelectronics (688401.SH) soared 19.6%. Helin Micro-Nano (688661.SH) jumped 15.3%. Leading IC (600641.SH) hit the daily limit-up. Optical fiber-related stocks advanced. Yangtze Optical Fibre and Cable (601869.SH) rose 8%. Yongding (600105.SH) and Hangdian (603618.SH) both hit limit-up. In addition, Foxconn Industrial Internet (601138.SH) surged 8.9%, while Sharetronic Data Technology (300857.SZ) also hit limit-up. Enlight Media (300251.SZ) slumped 7.8% after its 1Q26 net profit plunged 98.85% YoY. The company also proposed to sell no more than 4% of its stake in ArcVideo Technology (688039.SH), which fell 1.2%. (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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