China Stocks Wobble as Policy Meetings Eyed
China's stock market showed mixed performance with the Shanghai Composite down 0.2% and the Shenzhen Component up 0.3%. Investors are cautious ahead of key policy meetings. Notable stock movements include declines in ZTE Corp, Sai MicroElectronics, and Shenzhen Everwin, while Eoptolink Technology, Zhongji Innolight, and Foxconn Industrial posted gains.
The Shanghai Composite fell 0.2% to around 3,890 while the Shenzhen Component rose 0.3% to 13,095 on Wednesday, with mainland stocks showing mixed performances as investors turned cautious ahead of key policy meetings this month.
Investors are watching the annual Central Economic Work Conference and the December Politburo meeting for signals on Beijing’s policy direction and growth targets for next year.
Meanwhile, a private survey indicated that Chinese services sector growth slowed to a five-month low in November, as new business expansion eased.
Among individual stocks, notable declines were seen in ZTE Corp (down 1.6%), Sai MicroElectronics (down 6.9%) and Shenzhen Everwin (down 4.8%), while Eoptolink Technology (up 6.3%), Zhongji Innolight (up 1.1%) and Foxconn Industrial (up 2.4%) posted strong gains.
