Chinese shares closed lower on Thursday, as the government's recent stimulus measures underwhelmed investors, and as the potential impact of US trade policies following the elections continued to weigh on sentiment.
The Shanghai Composite Index fell 1.7%, or 59.44 points, to finish at 3,379.84. The Shenzhen Component Index dropped 2.8%, or 321.51 points, to 11,037.78. Both indices returned to negative territory after a brief breather on Wednesday.
While the Chinese government has introduced fiscal stimulus measures, investors are seeking stronger measures to boost economic growth.
Additionally, the recent US presidential election results further weighed on sentiment, as the incoming administration has signaled a more protectionist stance towards China, potentially leading to increased tariffs on Chinese goods.
In corporate news, Lingyi iTech Guangdong (SHE:002600) slumped 6.7% after issuing convertible bonds worth 2.14 billion yuan.
Jiangsu Zongyi (SHA:600770) dropped 5.5% following its subsidiary's acquisition plans.
Glarun Technology (SHA:600562) closed 3.4% after Li Langping resigned as chairman.
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