FX.co ★ Shanghai Stocks Approach One-Month Low

The Shanghai Composite slipped 0.6% to 4,017 on Tuesday, nearing a one-month low, while the Shenzhen Component lost 0.3% to close at 15,372, marking a second consecutive session of declines. Technology stocks continued to lose momentum amid signs of capital rotating into other sectors. Sentiment toward the tech sector remained subdued despite supportive industry news, including a 19-fold surge in Samsung Electronics’ quarterly profit and the start of marketing for SK Hynix’s planned US listing. Among Chinese technology names, Cambricon Technologies (-1.1%), Hygon Information Technology (-1.5%), SMIC (-1.4%), and NAURA Technology (-1.2%) all retreated. Meanwhile, US President Donald Trump indicated plans to meet Chinese President Xi Jinping on September 24 on the sidelines of the annual United Nations General Assembly in New York. The expected talks would follow their May summit in Beijing, where both sides sought to stabilize relations and strengthen bilateral engagement.