China Stocks Snap 2-Session Gains

2026-08-06 01:57 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite fell 0.2% to 3,870 on Thursday, while the Shenzhen Component dropped 0.6% to 14,053, snapping a two-session winning streak as a rally in technology and semiconductor stocks lost momentum.

Investors took profits and reassessed valuations after AI-related shares rebounded sharply from last month's selloff, which triggered significant losses for several hedge funds.

Leading decliners included Cambricon Technologies (-3.0%), SMIC (-2.8%), Hygon Information Technology (-1.9%), Zhongji Innolight (-4.9%), Eoptolink Technology (-2.7%), and NAURA Technology (-2.3%).

Meanwhile, investors continued to monitor developments in the Middle East after Iran said it had reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz, raising hopes for the eventual reopening of the strategic waterway.

Domestically, markets are awaiting China's upcoming trade data for further insight into the resilience of external demand and the broader economic outlook.



News Stream
China Stocks Snap 2-Session Gains
The Shanghai Composite fell 0.2% to 3,870 on Thursday, while the Shenzhen Component dropped 0.6% to 14,053, snapping a two-session winning streak as a rally in technology and semiconductor stocks lost momentum. Investors took profits and reassessed valuations after AI-related shares rebounded sharply from last month's selloff, which triggered significant losses for several hedge funds. Leading decliners included Cambricon Technologies (-3.0%), SMIC (-2.8%), Hygon Information Technology (-1.9%), Zhongji Innolight (-4.9%), Eoptolink Technology (-2.7%), and NAURA Technology (-2.3%). Meanwhile, investors continued to monitor developments in the Middle East after Iran said it had reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz, raising hopes for the eventual reopening of the strategic waterway. Domestically, markets are awaiting China's upcoming trade data for further insight into the resilience of external demand and the broader economic outlook.
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The Shangai Composite Index went up by 57 points or 1.48 percent on Wednesday to close at 3879 points. The rise was led by China Molybdenum (6.31%), Zijin Mining (6.10%) and Sanan Optoelectron (4.41%).
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The Shanghai Composite climbed 1.47% to close at a near two-week peak of 3,878.4 on Wednesday, while the Shenzhen Component added 1.86% to over one-week high of 14,144.2, extending gains from the previous session, driven primarily by strong gains in semiconductor stocks. SMIC (3.59%), Hua Hong Semiconductor (6.56%), and GigaDevice (8.26%) led the rally after reports that Samsung Electronics and SK Hynix were evaluating chipmaking equipment from China's AMEC for potential use at their mainland factories amid concerns over tighter US export controls. In contrast, AI optical module stocks slumped after reports that the US was drafting curbs on imports of next-generation Chinese data-center components, with Zhongji Innolight down 7.27% and Eoptolink Technology losing 5.29%. On the economic front, a private survey showed that China's Composite PMI fell to a one-year low in July, with the manufacturing PMI slipping to a four-month low and the services PMI easing to a near two-year low.
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