China Stocks Fall as Tech Shares Weigh

2026-02-06 07:22 By Jam Kaimo Samonte 1 min. read

The Shanghai Composite slipped 0.25% to close at 4,066, while the Shenzhen Component fell 0.33% to 13,907 on Friday, with mainland stocks extending losses for a second straight session as a global selloff in technology shares spilled into China.

The tech rout has been driven by concerns over massive AI spending and the potential disruption of traditional software business models.

Heightened volatility in metals and cryptocurrency markets further dampened risk appetite.

Chinese tech stocks recorded sharp declines, including Zhongji Innolight (-3.9%), Eoptolink Technology (-5%), BlueFocus Intelligent (-0.8%), Leo Group (-4.1%), and Cambricon Technologies (-2%).

In corporate news, disappointing sales data from BYD raised concerns about profit prospects across China’s electric vehicle sector amid slowing domestic demand and rising raw material costs.

For the week, the Shanghai and Shenzhen indexes fell 1.27% and 2.11%, respectively.



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