The FTSE China A50 index opened 0.15% lower, reflecting muted sentiment as investors weighed mixed economic signals. The blue-chip gauge’s early decline tracked with broader Asian market softness ahead of key policy meetings.
Financial and property stocks led the dip, while select consumer and green energy names showed resilience. The modest pullback follows three consecutive weeks of gains, suggesting potential profit-taking near current levels.
The index faces immediate support at its 50-day moving average (14,200 zone). A sustained break below this level could signal deeper correction, while holding above may maintain the uptrend structure. Traders await China’s May industrial production data for fresh catalysts.
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