China Stocks Fall Amid Mixed PMI Data
2026-03-04 02:58
By
Jam Kaimo Samonte
1 min. read
The Shanghai Composite fell 0.98% to close at 4,082, while the Shenzhen Component dropped 0.75% to 13,918 on Wednesday, extending losses from the prior session as investors reacted to mixed PMI data.
Official figures showed Chinese manufacturing and services sectors contracted for a second consecutive month in February as the long Lunar New Year holiday disrupted economic activity.
In contrast, a private survey indicated that both manufacturing and services activity accelerated last month.
Attention now turns to the annual “Two Sessions” gathering, where authorities are expected to set economic targets and outline policy priorities.
Globally, equities remain under pressure amid the escalating Middle East conflict, which has pushed energy prices higher and stoked inflation fears.
Tech and resource-related stocks led the decline, with sharp losses from Zhongji Innolight (-4.4%), Eoptolink Technology (-3.4%), Zijin Mining (-2.3%), CNOOC Ltd (-1.3%) and China Petroleum (-5.4%).