China Stocks Struggle as Tech Weighs

2025-12-18 02:26 By Jam Kaimo Samonte 1 min. read

The Shanghai Composite rose 0.16% to close at 3,876 while the Shenzhen Component dropped 1.29% to 13,054 on Thursday, with mainland stocks struggling for clear direction as global technology shares came under pressure amid concerns over elevated valuations and aggressive spending on artificial intelligence.

The tech sector’s weakness was amplified by reports that Oracle’s primary investor, Blue Owl Capital, withdrew funding from one of its data center projects.

Chinese tech and AI-linked stocks were broadly lower, with notable declines from Eoptolink Technology (-4.6%), Zhongji Innolight (-3.2%), Foxconn Industrial (-5.2%), Victory Giant (-4.6%) and MetaX Integrated Circuits (-5.2%).

In corporate news, struggling property developer China Vanke continued to seek extensions from lenders and bondholders for its interest payments amid mounting liquidity pressures.



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