The Shanghai Composite slipped 0.2% to around 3,810, while the Shenzhen Component edged up 0.1% to 13,080 on Monday, as mainland stocks showed a mixed performance amid the latest central bank policy update. The People’s Bank of China kept its one- and five-year loan prime rates steady at 3% and 3.5% for the fourth consecutive month, despite a recent US Federal Reserve rate cut. Authorities have so far refrained from major stimulus measures, even as economic data suggest slowing momentum in the economy. Sector movers included strong gains from Foxconn Industrial (6.7%), Senteed Hi-Tech Group (10%), and Lingyi iTech (8.2%), while notable declines were recorded for Zhongji Innolight (-3.9%), Eoptolink Technology (-5.4%), and Victory Giant (-2%).
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