Published on 11/21/2025 at 03:06 am EST
(MT Newswires) -- Chinese stocks took a beating on Friday as local technology and artificial intelligence companies joined a global selloff in the sector.
The Shanghai Composite Index, the main gauge of Chinese stocks, fell nearly 2.5% or by 96.16 points to 3,834.89. The Shenzhen Component Index slid more than 3.4% or by 442.75 points to 12,538.07.
The decline is the biggest since Oct. 17, Reuters reported Friday.
"Market sentiment weakened toward year-end on lower risk appetite and recent muted economic data," Reuters quoted analysts at Morgan Stanley as saying.
Shares of Shannon Semiconductor plummeted 13%, while those of Foxconn Industrial Internet , Eoptolink Technology , and Victory Giant Technology Huizhou fell 8% during market close. Zhongji Innolight finished 6% lower.
New energy stocks such as Ganfeng Lithiumplunged 10%. Sungrow Poweralso fell 5%.
Meanwhile, the fall could in Chinese stocks could be attributable to the less-clear path for interest rates following the belated release of U.S. jobs data, Retuers reported separately.
Sumber : MT Newswires
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