China Stocks Extend Losses on Cautious Mood
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China's stock market continued to decline, with the Shanghai Composite down 0.1% and the Shenzhen Component down 0.2%. The lack of new policy support and profit-taking in AI stocks contributed to the losses. Economic weakness persists, and while the central bank aims to maintain liquidity, major stimulus has not been introduced. Additionally, a meeting between US and Chinese leaders is expected to be postponed until next year. Notable losers included Luxshare Precision, Zhongji Innolight, and Wolong Electric, among others.
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