Global Market: Chinese Stocks Slide as US-China Optimism Fades, Tech Shares Tumble

Global Market: Chinese stocks slide as US-China optimism fades, tech shares tumble

China’s blue-chip stocks fell sharply as optimism from the US-China summit faded and geopolitical risks resurfaced. The CSI300 dropped 2.2%, while technology shares led losses after proposed US restrictions on Chinese AI components. Weak industrial profit growth and cautious positioning ahead of China’s National Day holiday further weighed on sentiment.

Chinese Stocks Hit One-Year Low as Chip, Optical Firms Slide

Chinese shares touched a one-year low, led by a selloff in technology firms after a report that authorities may allow purchases of Nvidia Corp.’s new chips and proposed US sanctions on foreign optical producers.

Chinese Chip, Optical Stocks Slide as CSI 300 Touches One-Year Low

The CSI 300 fell as much as 2.4% to a one-year low, while Chinese chip and optical-communications stocks dropped at least 5%.

Chinese shares hit one-year low as technology stocks slide

Chinese equities hit a one-year low as tech and semiconductor stocks slide on US export policy shifts, with CSI 300 down 2% and major chipmakers