China Stocks Slide to Multi-Month Lows
2026-10-13 01:56
By
Czyrill Jean Coloma
1 min. read
The Shanghai Composite slipped 1% on Tuesday to a near three-month low of 3,761, while the Shenzhen Component dropped 2.2% to a more than one-year low of 12,109.
Both benchmark indices extended losses from the previous session as Wall Street's tech selloff spilled over into Asian markets.
Market enthusiasm for artificial intelligence equities has cooled as elevated borrowing costs prompt investors to question the return on investment from heavy capital expenditure.
Adding to sector headwinds, competition intensified after reports that CXMT made key advancements in high-density chip design.
Tech hardware and semiconductor constituents such as Zhongji Innolight (-6.6%), Eoptolink Technology (-6.1%), SMIC (-2.8%), Victory Giant Technology (-2.9%), and Cambricon Technologies (-1.7%) declined.
Investors are now turning their focus to upcoming quarterly earnings releases for clues on corporate margins and fundamental demand.