China’s stock markets closed with mixed results. The Shanghai Composite Index increased by 0.2% to reach around 3,315 points, while the Shenzhen Component Index fell by 0.8% to about 10,480 points.
The markets struggled to find clear direction due to a lack of major news events. However, many investors remain optimistic that the Chinese government might introduce new stimulus measures to tackle ongoing economic challenges.
Potential US Sanctions Unsettle China Investors
There is also speculation that Chinese authorities could take steps to offset the potential impacts of new US trade policies. Despite this optimism, caution prevailed among investors because of reports that the US may soon impose additional restrictions on selling semiconductor equipment and artificial intelligence memory chips to China.
Some major companies saw gains in individual stocks. Dawning Information surged by 7.8%, and Sichuan Development rose by 2%. On the downside, firms like East Money dipped by 1.1%, and Hithink Royalflush decreased by 0.9%.