China stock market slides, Shanghai Composite hovers just above 4,040 points

The Shanghai Composite Index slipped modestly, easing 2.41 points (0.06%) to 4,041.24 and is expected to stay range‑bound above the 4,040‑point level. The Shenzhen Composite fell 1.29% to 27,556.6, while several major Chinese banks posted gains of around 1–2%.

In the United States, equity markets rose, with the Dow Jones Industrial Average up 155.84 points (0.29%) to a record 53,055.91, the Nasdaq gaining 288.49 points (1.12%) to 26,121.16, and the S&P 500 increasing 54.19 points (0.72%) to 7,537.43. Oil prices dipped slightly as OPEC announced higher output, leaving West Texas Intermediate at $68.54 per barrel.

Analysts see mixed to higher forecasts for Asian markets, with technology and oil stocks providing support, while European markets were mixed.