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Indonesia News Portal for Traders | Financial & Business Updates

21 November 2024 10:46  |

China Stocks Slip Amid Economic Uncertainties

The Shanghai Composite dropped 0.2% to around 3,360, and the Shenzhen Component lost 0.15% to 10,810 on Thursday, as mainland stocks reversed a two-day rally amid economic uncertainties in China and concerns over Trump’s imminent return to the White House.

China’s central bank kept key lending rates unchanged this week, as expected, but investors remain hopeful that Beijing will introduce additional stimulus measures to support economic growth.

Meanwhile, the prospect of higher tariffs on Chinese goods under the upcoming Trump administration has added to concerns about the country’s economic outlook.

Notable losses were seen among major firms, including China Greatwall (-0.8%), Guangdong Topstar (-3.2%), Siasun Robot (-4.1%), Citic Securities (-0.8%), and Sinodata (-6.4%).

Source: Trading Economics

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