China Stocks Waver Amid Domestic Recovery and Global Uncertainty

China stocks experienced mixed results on Tuesday as investors grappled with domestic recovery indicators and awaited stimulus signals from upcoming policy meetings. The market monitored weak Asian stocks amid a strong U.S. dollar. Various indices showed mixed performance across financial, consumer staples, and tech sectors.

China stocks were a mixed bag on Tuesday, as investors weighed domestic recovery and awaited stimulus signals in the upcoming policy meetings. The market also tracked weak Asian stocks as the U.S. dollar strengthened, following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency.

A private sector survey on Monday showed China's manufacturing activity grew at the fastest pace in more than three years, while official PMI data released on Sunday showed a decline in manufacturing activity. Investors awaited the coming Third Plenum this month, which will focus on policies on further deepening reforms and promoting the modernisation of China.

Later in the day, U.S. Federal Reserve Chair Jerome Powell will speak at an event hosted by the European Central Bank, bringing the path for U.S. monetary policy into focus in a week that will see several closely watched employment reports, including Tuesday's JOLTS job openings data, a Fed favourite. ** At the midday break, the Shanghai Composite index was up 0.03% at 2,995.78 points.

** China's blue-chip CSI300 index was down 0.09%, with its financial sector sub-index higher by 0.84%, the consumer staples sector up 2.03%, the real estate index down 0.41% and the healthcare sub-index down 0.75%. ** Chinese H-shares listed in Hong Kong rose 0.95% to 6,392.06, while the Hang Seng Index was up 0.57% at 17,819.50.

** The smaller Shenzhen index was down 0.37%, the start-up board ChiNext Composite index was weaker by 0.69% and Shanghai's tech-focused STAR50 index was down 1.1%​. ** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.47% while Japan's Nikkei index was up 0.61%.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)