China Stocks Tick Higher as PMI Data Looms

The Shanghai Composite edged up 0.1% to around 3,828 on Tuesday, while the Shenzhen Component added 0.2% to 12,884, trimming losses from the previous session as investors looked ahead to a batch of official and private PMI surveys due on Wednesday. Investors continued to assess signs of resilience in China's manufacturing sector, which remains supported by solid foreign demand and strength in technology-related industries, despite persistent pressure on corporate profit margins, subdued domestic consumption, weak private investment, and a prolonged downturn in the property sector. Notable gainers included Cambricon Technologies (1.2%), Piotech (1.7%), Zhongji Innolight (0.5%), and Suzhou TFC Optical Communication (0.9%). In contrast, Hygon Information Technology (-0.9%), China CSSC Holdings (-1.1%), CATL (-1.2%), and BOE Technology (-2.2%) lagged.