The Shanghai and Shenzhen stock exchanges held meetings with major foreign institutions and reiterated their commitment to remaining open to foreign investment. However, investor sentiment remained subdued due to the lack of clear stimulus ahead of the plenary meeting in March.
Liquor stocks led the declines, with Luzhou Laojiao and Wuliangye Yibin falling 3.7% and 3.4%, respectively, while Kweichow Moutai dropped 2.4%. In the telecommunication sector, China Mobile lost 2.6%. Among the top gainers, Zhejiang Juhua rose 6.6% and Ningbo Deye Technology gained 5.6%.
