Shanghai Stocks Hit 2-Month Low

2026-06-08 02:10 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite tumbled 2.2% to 3,944 on Monday, its lowest level in two months, while the Shenzhen Component fell 1.8% to 15,033, marking a more than one-month low, as a broad selloff in technology stocks weighed heavily on mainland markets.

The sector came under pressure after a sharp retreat in Wall Street's AI-related stocks, as stronger-than-expected US jobs data fueled concerns about a prolonged period of high interest rates.

Leading decliners included Zhongji Innolight (-7.8%), Eoptolink Technology (-3.6%), and NAURA Technology (-3.8%).

Meanwhile, Chinese President Xi Jinping has arrived in North Korea, marking his first visit since 2019.

The trip is expected to focus on denuclearisation, US–North Korea relations, and broader tensions on the Korean Peninsula.

It follows recent high-level meetings in Beijing with US President Donald Trump and Russian President Vladimir Putin.

Domestically, investors are now awaiting China’s trade and inflation data later this week.



News Stream
Shanghai Stocks Hit 2-Month Low
The Shanghai Composite tumbled 2.2% to 3,944 on Monday, its lowest level in two months, while the Shenzhen Component fell 1.8% to 15,033, marking a more than one-month low, as a broad selloff in technology stocks weighed heavily on mainland markets. The sector came under pressure after a sharp retreat in Wall Street's AI-related stocks, as stronger-than-expected US jobs data fueled concerns about a prolonged period of high interest rates. Leading decliners included Zhongji Innolight (-7.8%), Eoptolink Technology (-3.6%), and NAURA Technology (-3.8%). Meanwhile, Chinese President Xi Jinping has arrived in North Korea, marking his first visit since 2019. The trip is expected to focus on denuclearisation, US–North Korea relations, and broader tensions on the Korean Peninsula. It follows recent high-level meetings in Beijing with US President Donald Trump and Russian President Vladimir Putin. Domestically, investors are now awaiting China’s trade and inflation data later this week.
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