China Stocks Slip on Profit-Taking

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The Shanghai Composite dipped 0.1% to around 3,725 while the Shenzhen Component fell 0.3% to 11,800 on Tuesday, as mainland shares pulled back from recent highs amid profit-taking after a historic rally.
The Shanghai Composite hit a decade-high on Monday, driven by strong institutional and retail demand and fueled by a rotation out of bonds into equities.
Market sentiment had also been boosted by easing US-China tariff tensions and speculation over fresh stimulus measures from Beijing to shore up growth.
On Friday, the People's Bank of China pledged to improve its monetary policy framework, vowing to fine-tune its moderately loose stance as weakness in the property sector lingered.
Looking ahead, investors are awaiting the central bank's policy decision this week, with loan prime rates widely expected to remain unchanged.
Among individual names, East Money (-1.4%), ZTE Corp (-1.9%) and Shenzhen Envicool (-6%) posted notable losses.

Sumber : Tradingview.com

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