China Stocks Extend Losses on Trade, Policy Jitters
2025-10-23 02:22
By
Jam Kaimo Samonte
1 min. read
The Shanghai Composite fell 0.7% to below 3,890 while the Shenzhen Component dropped 1.3% to 12,830 on Thursday, marking a second straight session of losses as trade and policy uncertainties dampened sentiment.
Reports indicated that the US may restrict exports to China involving US software, though President Donald Trump later confirmed his upcoming meeting with Chinese President Xi Jinping.
Investors also awaited signals from the ongoing Fourth Plenum in Beijing amid hopes for new stimulus measures.
On the monetary front, uncertainty persisted over whether the People’s Bank of China will ease policy further before year-end to shield the economy from trade headwinds.
Technology shares led the decline, with steep losses in Zhongji Innolight (-3%), Eoptolink Technology (-5%), Cambricon Technologies (-3.3%), Suzhou TFC (-7.2%) and ZTE Corp (-4%).