The three major indices of the Shanghai and Shenzhen A-shares opened mixed, and Xiaomi automotive concept stocks continued to decline

During an interview with Fox News, U.S. President Trump stated that he does not plan to extend the 90-day tariff suspension for most countries beyond the 9th of next month, at which point the negotiation deadline he set will expire. The U.S. government will notify countries that unless an agreement is reached with the U.S., trade penalties will take effect.

The People's Bank of China today (30th) conducted a 331.5 billion yuan (the same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 220.5 billion yuan of reverse repos are maturing, resulting in a net injection of 111 billion yuan for the day. The central parity rate of the yuan against the U.S. dollar is reported at 7.1586, up 41 points.

The three major A-share indices opened mixed. The Shanghai Composite Index opened at 3,423 points, down less than 1 point or 0.02%. The Shenzhen Component Index opened at 10,405 points, up 27 points or 0.3%. The ChiNext Index opened up 8 points or 0.4%, at 2,132 points.

Chinese banking stocks, China Construction Bank (601939.SH) and Industrial and Commercial Bank of China (601398.SH), opened down 0.4% and 0.3%, respectively.

BYD (002594.SZ) opened flat and plans to invest 94 million USD in Hungary to build a new assembly plant, intending to halt the "price war," with significant adjustments to car purchase policies possibly starting tomorrow (July 1st). Contemporary Amperex Technology Co., Limited (300750.SZ) opened up 0.2%.

Xiaomi automotive concept stocks continued to decline, with Haitai Technology (301022.SZ) and Jinrong Tianyu (300988.SZ) down 5.8% and 3.2%, respectively.

GCL-Poly Energy Holdings Limited (002015.SZ) opened up 9.3%, having signed a strategic cooperation agreement with Saudi Electric Investment to conduct in-depth cooperation in wind power, photovoltaics, and other fields