FX.co ★ China Stocks End Mixed as Traders Weigh Data

The Shanghai Composite Index experienced a decline of 0.26%, settling at 3,861, whereas the Shenzhen Component Index saw an increase of 0.63%, reaching 13,006 on Monday. This variation reflects the mixed results observed in mainland markets as investors analyzed the latest economic data. August figures for both industrial production and retail sales did not meet expectations, attributed to weakened domestic demand and Beijing's efforts to control industrial overcapacity. Additionally, the unemployment rate saw a slight increase, and a continued decrease in new home prices, which has persisted since May 2023, highlighted the ongoing challenges within the property market. On the geopolitical stage, officials from the US and China commenced discussions in Madrid on Sunday, addressing national security, trade, and economic concerns, including Washington’s demands for Chinese divestment from TikTok. In market movements, Victory Giant and Cambricon Technologies experienced significant declines of 3% and 3.2%, respectively, while Contemporary Amperex and Sungrow Power saw notable advances of 9.1% and 2.1%.