China Stocks Hit Near 3-Week Low

2026-08-24 01:55 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite fell 0.59% to close at 3,882 on Monday, while the Shenzhen Component lost 2.13% to 13,794.3, with both benchmarks ending at their lowest levels in nearly three weeks as a broad selloff in technology stocks weighed on sentiment.

The sector came under renewed pressure amid concerns over fundraising plans by Alibaba Group Holding and Yangtze Memory Technologies.

Leading decliners included SMIC (-3.38%), Cambricon Technologies (-6.37%), Hygon Information Technology (-6.25%), Zhongji Innolight (-7.72%), Eoptolink Technology (-6.79%), and Victory Giant Technology (-3.44%).

Investors also remained cautious ahead of a busy earnings week, with heavyweight firms including BYD, PetroChina, CNOOC, and Eoptolink Technology set to report results.

Focus also turned to the National People's Congress Standing Committee meeting on August 25–28, where markets will look for fresh policy support following a string of underwhelming economic data and recent pledges to bolster growth.



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