China Stocks Fall as Tech Rout Deepens

2026-07-30 02:09 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite fell 0.62% to close at 3,804.7 on Thursday, while the Shenzhen Component tumbled 2.73% to 13,285.8, its lowest level since December 2025, as investors continued to unwind positions in technology stocks.

The sector came under renewed pressure amid concerns over stretched valuations, driving investors to shift toward consumer, property, and dividend-yielding stocks.

Technology and optical transceiver stocks led the decline, including Cambricon Technologies (-9.11%), SMIC (-6.04%), Zhongji Innolight (-9.15%), Eoptolink Technology (-11.89%), and NAURA Technology (-5.42%).

The weakness persisted despite Zhongji Innolight’s Hong Kong debut after raising HK$53.4 billion ($6.8 billion), its largest IPO in seven years.

Meanwhile, the Politburo meeting saw Beijing reaffirm its commitment to stepping up macro policy support and bolstering capital market resilience for the remainder of the year, but provided limited details on the specific measures that could be introduced.



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