Chinese stocks slipped on Thursday, with the Shanghai Composite falling 0.3% to around 3,370 and the Shenzhen Component dropping 0.7% to 10,880, giving back gains from the previous session as technology stocks came under pressure from profit-taking.
Caution also spread through the markets after Nvidia’s latest earnings failed to impress investors, while US President Donald Trump proposed 25% "reciprocal" tariffs on European autos and other goods.
In China, investors awaited concrete actions from Beijing after policymakers at the recently concluded National People’s Congress emphasized the need to strengthen the private economy, boost business confidence, and stabilize market conditions.
The technology sector led the declines, with notable losses from Talkweb Information (-4.7%), ZTE Corp (-3.2%), Hithink Royalflush (-4.5%), IEIT Systems (-3.5%), and Zhongji Innolight (-2.5%).
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