The Shanghai Composite fell 0.3% to below 3,890, while the Shenzhen Component edged up 0.05% to 13,323 on Thursday, with mainland stocks showing mixed performances as investors awaited fresh policy guidance from Beijing. Markets are focused on the Central Economic Work Conference, where growth targets and policy plans for 2026 will be outlined. On Monday China’s Politburo emphasized the need to boost domestic demand next year but signaled a cautious approach to stimulus, indicating no immediate policy support. Tech shares led notable losses, including Zhongji Innolight (-1.2%), ZTE Corp (-7.4%), Suzhou TFC (-4.8%) and Foxconn Industrial (-2.9%), while Eoptolink Technology (2.2%), Moore Threads (13.6%) and Contemporary Amperex (2.9%) posted strong gains.

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