The Shanghai Composite slipped 1.1% to below 3,800 while the Shenzhen Component dropped 0.5% to 13,090 on Tuesday, giving back prior-session gains as investors took profits in technology and new energy shares. Mainland markets have grown prone to profit-taking after the Shanghai index hit ten-year highs earlier this month. Traders also kept an eye on trade developments following last week’s call between US President Donald Trump and Chinese President Xi Jinping, with the two leaders set to meet face-to-face in South Korea in six weeks. On the policy front, the People’s Bank of China on Monday left key lending rates unchanged for the fourth straight month, as authorities remain reluctant to deploy major stimulus despite signs of economic weakness. Among individual names, Cambricon Technologies (-2.8%), Dawning Information (-2.8%) and Contemporary Amperex (-1.3%) led the declines.

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