Also, most investors sat on the sidelines ahead of the release later in the day of the outcome of a U.S. Federal Reserve policy setting meeting and the Politburo meeting later this week, at which top decision-makers gather to discuss their next policy moves.
At close of trade, the benchmark Shanghai Composite Index fell marginal 0.05%, or 1.68 points, to 3,275.76. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.33%, or 7.31 points, to 2,194.54. The blue-chip CSI300 index was down 0.49%, or 20.94 points, to 4,225.04.
Domestic COVID-19 uncertainties continued to weigh on China's economic recovery. The major city of Wuhan temporarily shut some businesses and public transport in a district with almost a million people on Wednesday.
Investors continued to be worried about the property sector, after Country Garden Holdings Co Ltd said on Wednesday it planned to raise HK$2.83 billion from a share sale, raising proceeds for refinancing offshore debt, general working capital and future development purposes.
Market participants are also eyeing a potential meeting between Chinese and U.S. leaders. Joe Biden and Xi Jinping are expected to talk on Thursday, amid tensions over Taiwan and Russia's invasion of Ukraine.
CURRENCY NEWS: China's yuan declined against the U.S. dollar, as softer mid-point fixing by central bank. Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate CNY=PBOC at 6.7731 per dollar, 0.31% weaker than the previous fix 6.7483. In the spot market, the onshore yuan CNY=CFXS was changing hands at 6.7661 at midday, 12 pips weaker from the previous late session close.
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