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FX.co ★ China Stocks Decline for Third Straight Session

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typeContent_19130:::2025-03-21T02:44:32

China Stocks Decline for Third Straight Session

The Shanghai Composite index declined by 0.2%, settling around 3,400, while the Shenzhen Component index fell 0.6% to 10,810 on Friday. This marks the third consecutive session of downturns, primarily driven by investors capitalizing on profits. Earlier in the week, Beijing introduced a special initiative aimed at stimulating consumer spending, though specifics remained sparse, and the People's Bank of China maintained its key lending rates, offering no new momentum for a market surge. Investor sentiment also waned due to the looming April 2 deadline concerning US President Donald Trump's reciprocal tariffs on nations that have levied duties on American products. Technology stocks experienced significant declines, with notable losses from BYD Company (-4.7%), Talkweb Information (-5.9%), Merit Interactive (-3.6%), Jiangsu Hoperun (-4.9%), and Shanghai Stonehill (-5.6%). Both the Shanghai and Shenzhen indexes are positioned to conclude the week with downward trends.

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