FX.co ★ China Stocks Mixed Amid Lack of Catalyst

On Thursday, the Shanghai Composite index declined by 0.4% to approximately 3,860, while the Shenzhen Component rose slightly by 0.1% to reach 12,970. This mixed performance in mainland stocks reflects a dearth of significant market-altering news. Investors are keenly awaiting insights from the upcoming Central Economic Work Conference, as well as information from the December Politburo meeting, to gain understanding of Beijing’s future policy course and economic growth objectives for the coming year. Analysts anticipate that China will uphold its current annual growth target of "around 5%" for 2026, with fiscal stimulus efforts expected to resemble those seen in 2025 in both magnitude and composition. In terms of individual stock movements, ZTE Corp experienced a notable decline of 1%, Cambricon Technologies decreased by 0.6%, and Suzhou Dongshan fell by 4.5%. Conversely, significant gains were observed in Addsino Co, which surged by 10%, Suzhou TFC, which climbed 7%, and Zijin Mining, which increased by 2.8%.