FX.co ★ China Stocks Halt 3-Day Slide

The Shanghai Composite experienced a modest increase of 0.2%, reaching approximately 3,950, while the Shenzhen Component advanced by 0.4% to 13,130 on Wednesday. This marked the end of a three-day decline, as market sentiment steadied and investors sought out new catalysts. Stocks in the technology and new energy sectors saw a resurgence, with significant upturns from companies such as Zhongji Innolight (up 3.6%), Beijing Teamsun (up 1.5%), Tianqi Lithium (up 5.2%), Do-Fluoride New Materials (up 1.4%), and Ganfeng Lithium (up 4.9%). Additionally, China successfully issued €4 billion in euro-denominated bonds, attracting record demand and underscoring the increasing investor interest in the nation's debt instruments. In corporate developments, PDD Holdings cautioned about a potential business slowdown due to heightened e-commerce competition. Baidu reported its largest decline in revenue to date, influenced by dwindling advertising activities. Conversely, Xiaomi announced its first quarterly profits from its electric vehicle division.