The Shanghai Composite fell 1.73% to close at 3,380 while the Shenzhen Component dropped 2.83% to 11,038 on Thursday, giving back gains from the previous session amid a lack of market-moving news.
Sentiment was cautious as investors continued to weigh the potential impact of US President-elect Donald Trump's trade policies and the appointment of anti-China figures on China's economy and markets.
Additionally, Beijing's latest support measures to bolster the struggling economy failed to impress.
Despite the finance ministry unveiling tax incentives for home and land transactions on Wednesday, the market was left underwhelmed. Technology stocks led the downturn, with notable losses from iFLYTEK (-2.8%), China Greatwall (-10%), Dawning Information (-47.1%), IEIT Systems (-8.1%), and Ofilm Group (-5.8%).(Cay)
Source: Trading economi
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