Jan 8, 202514:51GMT+7
Chinese stocks traded mainly in the red throughout the day before closing mixed on Wednesday as the continued weakness of the yuan dampened appetite for riskier assets.
The Shanghai Composite Index, the main gauge of Chinese stocks, ended the day's session marginally higher at 3,230.17 after logging losses in earlier trade. The Shenzhen Component Index, however, declined 0.5% to 9,944.64.
China's currency fell to its lowest in 16 months on Wednesday despite the People's Bank of China's efforts of setting stronger-than-expected guidance, Reuters reported.
"The yuan is expected to face depreciation pressure, not only from tariff hikes but also from a significantly stronger dollar," Reuters cited Wang Tao, chief China economist at UBS, as saying.
Two Shanghai-listed companies, Jiangsu Hengrui Medicineand Mabwell (Shanghai) Bioscience, filed for listing on the Hong Kong bourse. Shares of Jiangsu Hengrui Medicine closed 1% lower, while shares of Mabwell (Shanghai) Bioscience were down 2%.

Sumber : MT Newswires