FX.co ★ China Stocks Mixed as Traders Await Fresh Signals

On Wednesday, the Shanghai Composite saw a modest increase of 0.2%, rising above 4,010, while the Shenzhen Component dipped by 0.5% to 13,220. The mainland markets lacked clear direction due to an absence of significant catalysts. Following recent ascensions to unprecedented ten-year peaks, Chinese stocks are now susceptible to profit-taking, as investors shift their focus from high-growth tech and AI sectors to high-dividend value investments. Consequently, tech and clean energy stocks experienced declines, with Zhongji Innolight, Eoptolink Technology, and Sungrow Power losing between 2.7% and 3.9%. In corporate developments, shares of Shenzhen Mindray increased nearly 1% after the medical equipment manufacturer submitted a listing application to the Hong Kong Stock Exchange. Additionally, JD.com documented a remarkable nearly 60% increase in orders during this year’s Singles’ Day event.