The Shanghai Composite edged up 0.2% to above 4,010, while the Shenzhen Component slipped 0.5% to 13,220 on Wednesday, as mainland markets struggled for clear direction amid a lack of major catalysts. Chinese stocks remain vulnerable to profit-taking after recently hitting fresh ten-year highs, with investors rotating out of high-flying tech and AI-linked names into high-dividend value plays. High-growth tech and clean energy stocks mostly retreated, with Zhongji Innolight, Eoptolink Technology, and Sungrow Power dropping 2.7% to 3.9%. In corporate news, Shenzhen Mindray shares rose nearly 1% after the medical equipment maker submitted a listing application to the Hong Kong stock exchange. Meanwhile, JD.com reported a nearly 60% surge in orders during this year’s Singles’ Day event.
