China Stocks Hit Over 1-Year Low

2026-10-30 02:01 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite fell 1.44% to close at 3,599 on Friday, while the Shenzhen Component lost 2.73% to 10,834, with both benchmarks hitting their lowest levels in more than a year as the technology selloff deepened across Asian markets.

Sentiment toward the sector remained subdued following Intel Corp.’s weak outlook, Amazon.com Inc.’s post-earnings slump and Alphabet Inc.’s disappointing sales and elevated spending, fueling concerns over semiconductor demand and returns on massive AI investments.

Domestically, Zhongji Innolight plunged 4.99% despite a 173.7% annual surge in Q3 net profit, while Eoptolink Technology slumped 14.19% even as earnings climbed 61.15%.

Cambricon Technologies (-3.61%), SMIC (-4.17%) and Hygon Information Technology (-8.44%) also lagged.

Investors await upcoming PMI releases in the coming days for fresh insights into China's economic health.

Over the month, the Shanghai Composite dropped 6.33%, while the Shenzhen Component plunged 15.94%.



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