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A-Share Three Major Indices Reverse Lower for Full-day Losses of 0.3%-0.8%; HUA HONG GRACE (688347.SH) Slumps Nearly 9%; CCL/PCB Sectors Weak; CN Home, Agriculture and Livestock Sectors Rise Against Market
2026-09-04 15:47:44 The central parity rate of RMB against USD was set at 6.7787, up 20 bps from the previous day and hitting another peak in more than three and a half years. The PBOC did not conduct seven-day reverse repo operations today (4th), while RMB20 billion of reverse repos matured, resulting in a net daily withdrawal of RMB20 billion. The three major A-share indices opened 0.3% to nearly 1% higher, but traded volatile before reversing lower in the afternoon, ending the day down 0.3% to 0.8%. The Shanghai Composite Index closed down 11 points or 0.3% at 3,930, with turnover of RMB938.255 billion. The Shenzhen Component Index fell 108 points or 0.79% to close at 13,516, with turnover of RMB1.09 trillion. The ChiNext Index dropped 26 points or 0.78% to close at 3,286, with turnover of RMB499.809 billion. Among Chinese banks, ICBC (601398.SH) rose 0.4%, CCB (601939.SH) added 0.3%, AGRICULTURAL BANK (601288.SH) gained 1%, CMB (600036.SH) climbed 1.5%, while BANK OF CHINA (601988.SH) increased 0.5%. Among Chinese insurers, CHINA LIFE (601628.SH) slipped 0.3%, PING AN OF CHINA (601318.SH) rose 0.4%, while THE PEOPLE'S INSURANCE (601319.SH) declined 0.6%. In addition, BYD Company (002594.SZ) edged up 0.1%, while CONTEMPORARY AMPEREX (300750.SZ) gained 0.4%. In chip stocks, HUA HONG GRACE (688347.SH) slumped 8.9%, while SMIC (688981.SH) fell 2.2%. AI chip stock CAMBRICON (688256.SH) dropped 2.5%. Domestic GPU stocks METAX (688802.SH) and MOORE THREADS (688795.SH) declined 4.4% and 1.1%, respectively. MOORE THREADS said it has established a complete embodied intelligence chain from synthetic data generation to edge hardware deployment. LQKJ (688008.SH) fell 1.2%. Optical fiber stock YANGTZE OPTICAL FIBRE (601869.SH) dropped 3.7%. Memory chip stock GIGADEVICE (603986.SH) fell nearly 3%. SEMIGHT INSTRUMENTS (688808.SH) lost 2.5%. As for CXMT (688825.SH), the stock fell 1.4% after Doubao smartphone adopted CXMT LPDDR5X memory. Among the three major optical module players, ZHONGJI INNOLIGHT (300308.SZ) rose 0.1%, TFC (300394.SZ) dipped 0.04%, while EOPTOLINK (300502.SZ) gained 0.3%. YUSHU TECHNOLOGY (688836.SH) dropped 3.7%. Copper clad laminate (CCL) stocks weakened, with SYTECH (600183.SH) down 4% and NANYA NEW MATERIAL (688519.SH) falling 5.6%. Printed circuit board (PCB) stocks were also soft, with DELTON (001389.SZ) down 3.5%, HAN'S CNC (301200.SZ) falling 5.5%, VICTORY GIANT TECHNOLOGY (300476.SZ) down 1.4%, and CFMEE (688630.SH) declining 4.9%. Tesla announced plans to launch the Robotaxi "Cybercab", featuring a design without steering wheel or pedals. Smart driving concept stocks performed well earlier in the session, with DAZHONG TRANSPORTATION (600611.SH) and SOLING (002766.SZ) once hitting limit-up at the open, though both later reversed to close down 2.7% and 1.1%, respectively. Major Chinese property developers advanced, with POLY DEVELOPMENTS (600048.SH), GEMDALE (600383.SH) and VANKE A (000002.SZ) each rising more than 3%, while GREENLAND HOLDINGS (600606.SH) gained 2.3%. Shipping stocks were mixed, with COSCO SHIPPING (601919.SH) falling 3.1%, MERCHANTS SHIPPING (601872.SH) down 0.5%, while COSCO SHIPPING ENERGY (600026.SH) edged up 0.05%. Agriculture and livestock sectors rallied strongly. YASHENG GP (600108.SH), LUONIUSHAN (000735.SZ), BOEN GROUP (001366.SZ), DUNHUANG SEED (600354.SH), NEW WELLFUL (600975.SH), ZHENGHONG SCI-TECH (000702.SZ) and TECH-BANK FOOD (002124.SZ) all hit limit-up. MUYUAN (002714.SZ) rose 4.5%, WENS (300498.SZ) gained 6.2%, while TANGRENSHEN (002567.SZ) surged 8%. (jl/da)~ AASTOCKS Financial News Website: www.aastocks.com 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. | |