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The broad-based CSI 300 Index fell 0.1 per cent to 4,631 as of noon trading break, while the Shanghai Composite Index rose 0.3 per cent. Hong Kong’s market is closed on Thursday and Friday for the Christmas holiday.
Insurance stocks led gains on the CSI 300, while energy metals firms were the biggest decliners.
Among major losers, battery maker Contemporary Amperex Technology (CATL) fell 1.4 per cent to 370.50 yuan, while biopharmaceutical firm Sichuan Biokin Pharmaceutical declined 2.2 per cent to 334.43 yuan, and printed circuit boards producer Shennan Circuits dropped 3.2 per cent to 222 yuan. Home-grown chipmaker Semiconductor Manufacturing International Corporation (SMIC) slid 0.3 per cent to 123.04 yuan.
Among the notable gainers, electrical solutions provider Sieyuan Electric rose 3.4 per cent to 154.98 yuan, and insurer Ping An Insurance added 2.6 per cent to 70.79 yuan. Chinese baijiu maker Kweichow Moutai rose 0.5 per cent to 1,408.32 yuan and peer Luzhou Laojiao added 0.3 per cent to 120.33 yuan.
Investors weighed signals for measured support from China’s central bank after it struck a supportive but restrained tone on monetary policy, underscoring a preference for longer-term stability rather than sweeping stimulus measures.
