China Stocks Struggle as Tech Weighs

2026-02-04 02:38 By Jam Kaimo Samonte 1 min. read

The Shanghai Composite rose 0.3% to around 4,080 while the Shenzhen Component fell 0.5% to 14,050 on Wednesday, with mainland stocks showing mixed performances as tech and AI stocks have come under heavy selling pressure.

Investors rotated out of AI names amid concerns over massive capital spending, and a new AI automation tool from Anthropic triggered broader losses in software companies, with legal and data services firms bearing the brunt.

Notable decliners in China included Zhongji Innolight (-4.9%), Eoptolink Technology (-6.3%), and BlueFocus Intelligent (-6.6%).

In contrast, defense and mining stocks climbed for a second session, led by Addsino Co (6.7%), China Spacesat (2.7%), and Zijin Mining (1%).

On the macro front, a private survey showed Chinese services sector growth accelerating to a three-month high in January, supported by rising new orders and strong foreign demand.



News Stream
The Shangai Composite Index Closes 0.13% Higher
The Shangai Composite Index rose 5 points or 0.13 percent on Thursday to close at 4113 points. Leading the gains are Greenland Holdings (7.48%), Shanghai Petrochemical (6.87%) and Inner Mongolia Yili Industrial Group (3.39%). Top losers were Hua Xia Bank (-4.15%), China Molybdenum (-3.49%) and China Railway (-3.05%).
2026-04-30
China Stocks Finish April on a Strong Note
The Shanghai Composite edged up 0.11% to close at 4,112 on Thursday, remaining at its strongest level in over a month, while the Shenzhen Composite ticked down 0.09% to 15,108. Despite the subdued daily performance, April marked a robust month for Chinese stocks. The Shanghai Composite climbed 5.66%, while the Shenzhen Component surged 12.09%, supported by stronger-than-expected PMI data and significant gains in technology stocks. Official data showed manufacturing PMI beat market expectations at 50.3 in April 2026, while a private survey revealed that the manufacturing PMI climbed to its highest level since December 2020 at 52.2. China’s strategic petroleum reserves and renewable energy investments are helping cushion the economy from external shocks linked to Middle East tensions. Technology stocks also boosted sentiment, with NAURA Technology Group jumping 5.15% after strong Q1 revenue and profit. China’s stock markets will be closed from May 1 to May 5 for the Labour Day holiday.
2026-04-30
Stocks in China Hit 6-week High
SHANGHAI increased to 4115.00 Index Points, the highest since March 2026. Over the past 4 weeks, Shanghai Stock Exchange Composite Index gained 5.67%, and in the last 12 months, it increased 24.02%.
2026-04-30