Chinese Stocks Mixed as New US Tech Curbs Overshadow Stimulus Bets; Changzhou NRB Jumps 10%

Chinese shares ended mixed on Tuesday as investors turned cautious over new semiconductor curbs from the US, while waiting for new stimulus from Beijing.

The Shanghai Composite Index, the main gauge for Chinese stocks, made gains by climbing 0.4%, or 14.82 points, to finish at 3,378.81. However, the Shenzhen Component Index lost 0.4%, or 42.97 points, to 10,713.58.

The US government's decision to add 140 Chinese technology companies to its export blacklist has intensified concerns about the future of China's semiconductor industry.

Chipmker Naura Technology Group lost 3.9% following the new ban.

Meanwhile, investors are also eagerly awaiting further stimulus measures from the Chinese government, particularly after the Politburo's unusual absence from its November meeting. Market participants anticipate that the government may unveil new policies to bolster economic growth during the upcoming Politburo meeting this month.

In corporate news, Changzhou NRB soared 10% as it intends to construct a factory for high-end new energy vehicles and precision parts for robots for 1 billion yuan.

Beijing Tongtech jumped 4.2% at the close amid plans to fully acquire software developing subsidiary Chengdu Tongtech Software.