The Shanghai Composite declined 0.2% to around 3,372, while the Shenzhen Component dropped 0.1% to 10,700 on Wednesday, with Chinese stocks struggling to build on recent gains as caution prevailed in the region following a political upheaval in South Korea.
Economic uncertainties in China, exacerbated by US President-elect Donald Trump's tariff threats, also weighed on the market outlook.
Moreover, data showed that Chinese services sector growth unexpectedly decelerated in November amid slowing new business and foreign sales.
Adding to the uncertainty, China's Politburo chose not to release a readout of its regular November meeting, prompting speculation that additional stimulus measures might be forthcoming. Among the hardest hit were major firms such as Dawning Information (-1.4%), Sichuan Development (-2.3%), and Cambricon Technologies (-3.7%).
Source: Trading Economics
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