03.09.202502:34:32UTC+00China Stocks Decline for Second Day

The Shanghai Composite fell by 0.6% to just below 3,840, while the Shenzhen Component decreased by 0.2% to 12,530 on Wednesday. This marks the second consecutive session of losses as investors continued to take profits. The mood was further dampened by geopolitical tensions following President Xi Jinping's warning that the world must choose between "peace or war" and "dialogue or confrontation" during a military parade. Xi's statement came amid US President Donald Trump's social media accusations that China was conspiring against the United States. On the economic front, a private survey indicated that China's services sector grew in August at its fastest pace in 15 months, driven by robust export demand. Technology stocks were at the forefront of the downturn, experiencing significant declines in companies such as Eoptolink Technology (-2.3%), Cambricon Technologies (-5.3%), Victory Giant (-1.4%), Suzhou TFC (-1.8%), and Foxconn Industrial.