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<A Shrs>3 Key A-shr Indices Up 1.5-2% at Close; Chip/ Hotel Stocks Boom; Lithium Mining Stocks Sink after Midday
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China's RatingDog Manufacturing PMI retreated to 50.8 in March, below forecast. The three major A-share indices picked up. The Shanghai Composite Index added 56 points or 1.5% for the day, closing at 3,948, with a turnover of RMB897.3 billion. The Shenzhen Component Index leaped 228 points or 1.7%, closing at 13,706, with a turnover of nearly RMB1.12 trillion. The ChiNext Index mounted 62 points or 2%, closing at 3,247, with a turnover of RMB510.6 billion. Chip stocks were well-shaped, with SMIC (688981.SH) leaping 2.4%. Hua Hong (688347.SH) surged 7.6%. AI chip stock Cambricon (688256.SH) also jumped up 7%. Domestic GPU stocks Moore Threads (688795.SH) and METAX (688802.SH) rose 1.2% and 2.5%, respectively. BOE (000725.SZ) soared 2.6%, with a net profit of RMB5.857 billion in 2025, growing 10.03% YoY, and planned to repurchase A-shares worth RMB500 million to RMB1 billion. Hoteliers escalated in the afternoon, with Jin Jiang Hotels (600754.SH) and BTG Hotels (600258.SH) each leaping over 8%. SSAW Hotels & Resorts (301073.SZ) and Jinling Hotel (601007.SH) went up 2.6% and 2%, respectively. The main contract of lithium carbonate futures slid over 5%, leading to a decline in lithium mining concept stocks, with YOUNGY (002192.SZ) plunging 7.4%. Jinyuan (000546.SZ), Chuan Energy Power (000155.SZ), and Tibet Mineral (000762.SZ) dived 2.1-3.5%. 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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