03.09.202507:16:35UTC+00China Stocks Fall for Second Session

On Wednesday, the Shanghai Composite Index fell by 1.25% to finish at 3,810, while the Shenzhen Component Index decreased by 0.65% to settle at 12,472. These declines mark the indices' second consecutive day of downturns as investors capitalized on their profits. Market sentiment deteriorated further following President Xi Jinping's remarks at a military parade, warning of the global stakes between "peace or war" and "dialogue or confrontation." These comments coincided with accusations from US President Donald Trump on social media, alleging China of plotting against the United States. Economically, a private sector survey revealed that services activity surged at its fastest rate in 15 months during August, primarily fueled by robust export demand. Despite the positive economic data, defense sector stocks declined post-parade, and technology stocks experienced significant sell-offs. Notable losses were recorded by East Money, which dropped 4.4%, Cambricon Technologies, which fell 5.1%, and ZTE Corp, down by 2%.