The three major indices of the Shanghai and Shenzhen A-shares opened slightly lower, and the three major oil stocks declined

AASTOCKS
2025.11.13 01:29

The People's Bank of China today (13th) conducted a 190 billion yuan (the same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 92.8 billion yuan of reverse repos are maturing, resulting in a net injection of 97.2 billion yuan. The central parity rate of the yuan against the US dollar was lowered by 32 points today, reported at 7.0865 against one US dollar.

The three major A-share indices opened slightly lower. The Shanghai Composite Index opened at 3,996 points, down 3 points or 0.09%. The Shenzhen Component Index opened at 13,228 points, down 12 points or 0.09%. The ChiNext Index opened down 2 points or 0.09%, reported at 3,119 points.

Domestic bank stocks Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) opened up 0.2% and 0.1%, respectively. In addition, Contemporary Amperex Technology Co., Limited (300750.SZ) opened down 0.3%. BYD (002594.SZ) opened down 0.8%.

International oil prices fell significantly, leading to declines in the three major oil stocks. CNOOC (600938.SH), PetroChina (601857.SH), and Sinopec (600028.SH) opened down 0.5%-1.9%.

Leading chip stocks SMIC (688981.SH) and Hua Hong Semiconductor (688347.SH) opened down 0.5% and up 0.2%, respectively. Technology stock Cambricon Technologies (688256.SH) opened down 1%

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