FX.co ★ China Stocks Slip on Market Caution

The Shanghai Composite saw a slight decline of 0.1%, settling at approximately 3,972, while the Shenzhen Component dropped 0.8% to 13,290 points on Tuesday. This downturn occurred as mainland stocks struggled to maintain momentum from the previous day's gains. Investors are currently assessing the ramifications of the recent trade agreement between the United States and China. Presidents Xi Jinping and Donald Trump reached consensus on several critical issues last week, including reductions in US tariffs, China’s decision to halt rare earth export controls, and the cessation of mutual investigations into strategic sectors. Adding to the economic uncertainty, data released on Monday indicated a more pronounced slowdown in China's manufacturing activity for October than had been anticipated, following official reports last week that evidenced the longest contraction period in more than nine years. Among the largest decliners were Sungrow Power, which fell by 2.2%, Zhejiang Sanhua with a 3.8% decrease, and Foxconn Industrial, which saw a 1.2% drop.