China Stocks Set for Mixed Weekly Finish

2026-08-14 02:03 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite edged down 0.1% to 3,921 on Friday, while the Shenzhen Component rose 0.4% to 14,345, and was on track for a mixed weekly finish as investors weighed fresh US trade measures targeting China's technology sector.

The US imposed a 100% tariff on drone imports and related components, while smaller drones deemed to pose limited security risks will face a 25% tariff.

The measures are expected to pressure China's drone industry, where Shenzhen-based DJI Technologies holds about 70% of the US commercial drone market.

However, losses were capped by strength in technology and chip stocks after Semiconductor Manufacturing International Corp.

(SMIC) reported that its Q2 profit more than tripled from a year earlier, significantly exceeding expectations amid robust demand for AI-related semiconductors.

SMIC climbed 3.5%, GigaDevice Semiconductor rose 3.6%, Cambricon Technologies gained 1.3%, Zhongji Innolight advanced 1.0%, and Eoptolink Technology added 1.3%.



News Stream
China Stocks Set for Mixed Weekly Finish
The Shanghai Composite edged down 0.1% to 3,921 on Friday, while the Shenzhen Component rose 0.4% to 14,345, and was on track for a mixed weekly finish as investors weighed fresh US trade measures targeting China's technology sector. The US imposed a 100% tariff on drone imports and related components, while smaller drones deemed to pose limited security risks will face a 25% tariff. The measures are expected to pressure China's drone industry, where Shenzhen-based DJI Technologies holds about 70% of the US commercial drone market. However, losses were capped by strength in technology and chip stocks after Semiconductor Manufacturing International Corp. (SMIC) reported that its Q2 profit more than tripled from a year earlier, significantly exceeding expectations amid robust demand for AI-related semiconductors. SMIC climbed 3.5%, GigaDevice Semiconductor rose 3.6%, Cambricon Technologies gained 1.3%, Zhongji Innolight advanced 1.0%, and Eoptolink Technology added 1.3%.
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