The Shanghai Composite slipped 0.2% to around 3,905, while the Shenzhen Component dropped 0.6% to 13,070 on Tuesday, with mainland stocks snapping a three-session winning streak as a risk-off mood hit markets. Investors were pressured by weak domestic manufacturing, with a private survey showing factory activity contracting again in November. Markets may be anticipating new stimulative measures, but uncertainty over the timing and strength of policy support has kept many investors on the sidelines. Renewed property-sector stress also weighed on sentiment after Vanke reportedly sought a one-year extension on an upcoming bond repayment, while broader global factors, including rising bond yields and a crypto selloff, added to caution. Major banks led losses, with Agricultural Bank of China down 0.3%, China Construction Bank 0.6%, and Bank of China 0.7%. Other notable decliners included Contemporary Amperex (-0.7%), Zijin Mining (-0.9%), and Cambricon Technologies (-1.1%).
