Chinese stocks fall as traders await more stimulus

The Shanghai Composite dropped 0.53% to close at 3,452, while the Shenzhen Component declined 0.66% to 11,162 on Friday, erasing earlier gains as investors cautiously awaited news of further stimulus measures from Beijing to mitigate the effects of higher tariffs under a potential Donald Trump presidency.

Chinese stocks fall as traders await more stimulus

Profit-taking also contributed to the pullback, as both major indexes neared the highs seen in October following the initial stimulus announcements. Market attention is focused on the National People’s Congress Standing Committee, which is expected to release a statement after concluding its meeting today. The government may outline plans for additional debt issuance and increased spending to bolster the economy.

Biggest decliners

Notable losses were seen in several major stocks, including East Money Information (-5.9%), Hithink Royalflush (-7.3%), Kweichow Moutai (-2.4%), Contemporary Amperex (-2%), and Wuliangye Yibin (-3.6%).