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18/06/2026
The onshore Chinese yuan to US dollar closed at 6.7623 on June 18th at 16:30, a decrease of 54 basis points from the previous trading day.
Latest
2 m ago
Huichuangda: actual controller Dong Fangmei released 3.38 million shares pledged and re-pledged 2.2 million shares.
2 m ago
Yingshi Innovation (688775.SH): Intends to participate in Fengrui Yingjia Fund and invest in early-stage enterprises in the field of new generation information technology.
2 m ago
Zhong Ying International (08516.HK) issued a profit warning, expecting a net loss of not less than HK$5 million for the year.
3 m ago
J.P. Morgan strategist stated that the significant volatility in semiconductor stocks has forced some investors to reduce their positions, increasing the risk of a sharp market shake-up. The team led by Nikolaos Panigirtzoglou indicated that this week, while chip stocks rebounded to historical highs, volatility has also increased, potentially triggering what is known as a Value at Risk (VaR) shock to investment portfolios. In this scenario, severe market fluctuations could cause investors to exceed their risk value limits, forcing them to reduce their positions even if they remain bullish on the trades. Panigirtzoglou wrote, "The emergence of VaR-sensitive investors has intensified the market's sensitivity to self-reinforcing, volatility-induced selling." The Philadelphia Semiconductor Index dropped over 10% earlier this month due to market concerns about overheated artificial intelligence trading, but has since regained its historical high. A survey by Bank of America this week showed that going long on chip manufacturers' stocks has become one of the most crowded trades among fund managers.
3 m ago
Fushilai: A wholly-owned subsidiary invested 48 million yuan to participate in the establishment of a venture capital fund, representing 48% of the ownership.
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