Shanghai Composite Closes Down 44.93 Points on Chip Stock Sell-Off

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Summary · why it matters

The Shanghai Composite Index closed lower today at 3,813.31 points, down 44.93 points or 1.16 percent, pressured by a sell-off in semiconductor stocks amid concerns over surging artificial intelligence spending and uncertain returns. Cambricon Technologies tumbled 9.11 percent, Zhongji Innolight plunged 15.69 percent, Eoptolink Technology sank 17.13 percent, GigaDevice Semiconductor dropped 10 percent, and SMIC fell 4.92 percent. Investors are watching the Politburo Standing Committee meeting this week, where China's top leadership is expected to set the economic policy agenda for the rest of the year.

Impact on stocks 5

Others▼ · 5 stocks
Eoptolink Technology Inc Ltd
300502
▼ NegativeDemandrelevance

Shares plunged 17.13% amid concerns over surging AI spending and uncertain returns, reflecting weak demand outlook.

Cambricon Technologies Corp Ltd
688256
▼ NegativeDemandrelevance

Shares tumbled 9.11% amid concerns over surging AI spending and uncertain returns, indicating weak end-customer demand outlook.

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