The Shanghai Composite fell 0.11% to close at 3,264 while the Shenzhen Component lost 0.17% to 10,421 on Monday, hitting their lowest levels in over a month as the People's Bank of China decided to keep its one-year medium-term lending facility rate unchanged at 2%, offering no new catalyst for the market.
Last week, Chinese stocks faced pressure due to growing concerns over the economy and skepticism about the effectiveness of stimulus measures.
Additionally, downward earnings revisions from major Chinese companies dampened investor sentiment, while markets braced for the potential impact of further US tariffs under the incoming Trump administration. Notable losses were seen in East Money Information (-2.1%), Hytera Communication (-9.7%), and Sichuan Changhong (-5.5%).
Source: Trading Economics
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