Shanghai Composite Opens Down 3 pts; ZHONGJI INNOLIGHT Opens Nearly 3% Higher; Chinese Banks Soft
AASTOCKS News·- The RMB central parity rate was set at 6.7904 with the PBOC executing a net daily withdrawal of RMB 133 billion through open market operations. - The three major A-share indices opened mixed, as Chinese bank stocks traded soft and major photovoltaic stocks exhibited divergent movements following new trade measures. - Sector performances varied significantly with optical module players opening higher while chip and insurance stocks experienced mild declines.HSI Adds 28 Pts at Half-day; HSBC HOLDINGS Down Over 2% Post-results, MINIMAX-W Up Over 11%; PCB, Chip Stocks Advance
AASTOCKS News·- The Hang Seng Index closed the morning session up 28 pts at 25,881 with a turnover of HKD 142.969 billion, while chip and PCB stocks led broad market gains. - HSBC Holdings dropped over 2 % following a downgrade by Citi despite beating profit estimates, whereas MINIMAX-W surged over 11 % after rapid model integration. - ZJ INNOLIGHT fell 5.18 % intraday after reports of a potential US ban on new-generation Chinese data center components.A-Share Three Major Indices Gain 0.9%-1.6% at Midday; ZHONGJI INNOLIGHT Slumps Over 7%, HUA HONG GRACE Surges 8%
AASTOCKS News·- China's three major A - share indices rebounded collectively to gain 0.9 % to 1.6 % by midday following an initial decline, accompanied by various sectoral movements including declines in optical module stocks and surges in chip stocks. - The RMB against USD central parity rate hit a nearly 3.5 - year high at 6.7889, while the PBOC conducted RMB 5 billion in 7 - day reverse repos and achieved a net daily withdrawal of RMB 201.5 billion. - Economic indicators showed July RatingDog Services PMI falling to 50.4 and Composite PMI dropping to 50.8, alongside a State Post Bureau investigation into STO that caused its share price to drop 3.1 %.HSI Opens Up 38 pts as BABA-W Gains 2%; ZJ INNOLIGHT Plunges 15%
AASTOCKS News·- Hong Kong stocks opened higher following Wall Street's gains, with the HSI up 38 pts at 25,890. - Major tech stocks showed mixed performance, while oil stocks declined due to reports regarding the Strait of Hormuz. - ZJ INNOLIGHT plunged nearly 15% amid potential US import bans on Chinese data center components.S&P Global Market Intelligence Lists Latest Top 10 Most Shorted Hong Kong Stocks
AASTOCKS News·- S&P Global Market Intelligence released the latest short-selling data for Hong Kong stocks, reporting an overall average short-selling ratio of 1.31% for the Hang Seng Index. - The top 10 most shorted stocks include companies such as MONTAGE TECH, ALI HEALTH, and LENS, with individual short-selling ratios ranging from 12.21% to 20.64%. - The data highlights specific metrics including shares on loan, 7-day changes, and price movements for each listed company as of the end of last month.