The Shanghai Composite Index slipped 0.3% to 3,852 on Wednesday, marking a fresh one-month low, while the Shenzhen Component Index fell 0.4% to 13,243, its lowest level since December 2025. Investors remained cautious despite renewed signs of progress in US-China trade negotiations.
Expectations for an extended trade truce between the two economies are strengthening, as both sides discuss cutting tariffs on goods including US energy and agricultural products. US Treasury Secretary Scott Bessent said on Tuesday that he will meet his Chinese counterpart, He Lifeng, this weekend, ahead of the Sept. 24 summit between President Donald Trump and President Xi Jinping in Washington.
Even with these signs of advancement, market participants stayed on edge before the leaders’ meeting, with the final outcome still uncertain. Among the notable decliners were PetroChina (-1.6%), China Jushi Co., Ltd (-1.6%), CATL (-2.6%), Luxshare Precision Industry (-1%), and Muyuan Foods (-1.3%).
