Shenzhen Component drops 2.1 percent as AI hardware stocks slump
Published on 10/08/2026 at 13:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Shenzhen Component closed at 12,621 points on October 8, down 2.1 percent, as AI hardware and semiconductor stocks led a broad retreat after China's National Day holiday. Xinhua reported that turnover across the Shanghai and Shenzhen markets rose from the previous session, while the Shenzhen Component's opening level had been 12,896 points, according to China Daily.
AI hardware leads the decline
Semiconductor and CPO shares came under heavy selling pressure. Changguang Huaxin and Yuanjie Technology both fell to their 20 percent daily limits, while Shijia Photonics lost more than 17 percent, according to Futunn. The ChiNext Index fell 3.2 percent, showing that growth and technology shares underperformed the broader mainland market.
Oil, power, shipbuilding, banking and other cyclical areas gained, while electronic information, automobile manufacturing and medical equipment stocks declined, Xinhua said. The rotation was also reflected in the wider market: RTHK reported that energy, real estate and banking stocks advanced as technology shares weakened.
What comes next: China inflation data on October 14
China's September CPI and PPI are scheduled for October 14 at 9:30 a.m. Beijing time, according to Sina Finance. The data will provide the next scheduled macroeconomic test for mainland equities after the post-holiday repricing.
