FX.co ★ China Stocks Slip as Key Data Eyed

On Wednesday, the Shanghai Composite index experienced a modest decline of 0.07%, closing at 4,000, while the Shenzhen Component index dropped by 0.36% to settle at 13,241. This continued the downward trend from the previous session as investors anticipated crucial upcoming Chinese economic data releases for indications of the economy's condition. October's credit data is expected later today, with additional figures pertaining to retail sales, industrial production, and fixed asset investment being released on Friday. Notable declines were observed in shares of Sungrow Power, which fell by 2.8%, Longi Green Energy, down 3.4%, and TBEA Co, also decreasing by 3.4%. In corporate developments, Foxconn Industrial saw a slight gain of 0.8% after the company, the leading global contract electronics manufacturer, announced a 17% increase in profit for the third quarter compared to the previous year. Additionally, Shenzhen Mindray's stock rose following its submission of a listing application to the Hong Kong stock exchange. Meanwhile, JD.com reported a significant order increase of nearly 60% during this year's Singles' Day shopping event.