The Shanghai Composite slipped 0.2% to around 3,910 while the Shenzhen Component fell 0.2% to 13,050 on Wednesday, snapping a two-day winning streak as persistent trade uncertainty weighed on sentiment. US President Donald Trump said he expects to reach a favorable trade deal with China but warned that his planned meeting with President Xi Jinping may not take place. Meanwhile, US Treasury Secretary Scott Bessent is set to meet with Chinese officials over the weekend to ease tensions, with disputes over China’s rare earth export controls and Trump’s threat of steep tariff hikes remaining major sticking points. Technology and materials stocks led losses, with notable declines in Foxconn Industrial (-1.8%), Giga Device Semiconductor (-4.6%), ZTE Corp (-2.7%), Zijin Mining (-2.8%), and China Northern Rare Earth (-2.7%).