Shanghai Composite up 0.14% at 2,890 points (Il Sole 24 Ore Radiocor) - Shanghai , 26 Jul - Chinese shares trimmed earlier losses and closed slightly higher, halting a recent selloff.

Mainland stocks stocks bounced back from an over two-week low hit yesterday.

Investors remained on the sidelines as they awaited more policy easing measures after the People's Bank of China slashed key benchmark rates earlier this week.

Sentiment was recently dampened by recent disappointing growth data, an underwhelming interest rate cut by the People's Bank of China and a disappointing Third Plenum of the Chinese Communist Party.

Uncertainty over the US presidential race also continued to weigh on sentiment amid continued peculation over a Trump presidency.

In his first presidential term from 2017 to 2021, Trump maintained a largely hardline stance against China, slapping steep tariffs on the country and fuelling a prolonged trade war between the world's two major economies. Dismal results from the Third Plenum also continued to dampen sentiment.

Investors were disappointed by the lack of details on implementation steps to achieve economic policy goals at the end of the closely monitored policy meeting, a major gathering of the top members of the ruling Communist Party of China usually held every five years.

The Shanghai Composite closed down 0.52% at 2,886 points, while the Shenzhen CSI 300 rose 0.29% to 3,409 points.

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(RADIOCOR) 26-07-24 11:13:02 (0294) 5 NNNN