China's stock markets post mixed results following Wall Street's plunge and concerns over Sino-US trade relations

China's stock markets saw mixed trading on Wednesday with the benchmark Shanghai Composite Index dipping 0.61 percent after an overnight slump on Wall Street amid lingering concerns over Sino-US trade relations.

The benchmark Shanghai Composite Index shed 0.61 percent or 16.15 points to finish the day at 2,649.81, following a sell-off on  Wall Street triggered by a yield curve inversion of the US Treasury.

The yield on the three-year Treasury note surpassed that of the five-year term note on Monday, which signals the economy is poised to weaken, analysts said.

Also, uncertainty over the details of the recent trade agreement struck between the world’s top two economic powerhouse continues to weigh on investor sentiment.

This is despite China’s Ministry of Commerce stating the meeting was “very successful” and it will quickly implement the results.

The smaller Shenzhen Component Index dropped by 0.32 percent to end at 7,928.51 points, while the Nasdaq-style ChiNext enterprise board closed the day up by 0.22 percent to 1381.77 percent.

Ping An Securities expects the A-share market to enter a stable period as market risk will be reduced under the anticipated Federal Reserve's interest rates hike. 

The brokerage said that the market valuation has fallen back to a historical low and it will gradually stabilize at the end of this year.

Thanks to the favorable policies of the Chinese government, stocks related to intellectual property rights posted strong gains. 

Xinhua Winshare Publishing and Media Co Ltd saw its shares surge by the daily maximum limit of 10 percent to close at 12.51 yuan per share.

On Tuesday, the National Development and Reform Commission released a joint statement  with 37  departments including the National Intellectual Property Administration, vowing to punish those who have severely infringed other people or companies’ intellectual property rights.