FX.co ★ China Stocks Wobble on Market Caution

On Wednesday, the Shanghai Composite experienced a slight decline of 0.2%, settling at 3,850, while the Shenzhen Component saw a modest increase of 0.16%, closing at 13,085. Mainland stocks displayed a mixed performance as investors exercised caution in anticipation of the Federal Reserve’s upcoming policy decision. Additionally, market participants closely monitored the latest trade discussions between the United States and China held in Spain. These talks resulted in a preliminary agreement to transition TikTok's ownership to U.S. control. Presidents Donald Trump and Xi Jinping are expected to converse on Friday to finalize the details. Individual stocks exhibited varied performances, with significant losses observed for Victory Giant, down by 7.5%, Dawning Information, which fell by 5.2%, and Zhongji Innolight, which decreased by 4.4%. In contrast, Zhejiang Sanhua rose by 4.6%, Wolong Electric gained 6.6%, and Shanghai Construction Group surged by 10%.