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China stocks close at one-year low as AI hardware rout deepens

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China stocks close at one-year low as AI hardware rout deepens

Business News Tech AI China stocks close at one-year low as AI hardware rout deepens

The CSI300 Index closed 1.4% down, hitting its lowest level since August 2025 in late trade, while the Shanghai Composite Index fell 0.9%. Hong Kong's benchmark Hang Seng edged down 0.1%.

Chinese stocks ended on Wednesday at their lowest level in more than a year as a selloff in AI-related supply chain shares deepened and as investors digested mixed domestic inflation data. The CSI300 Index closed 1.4% down, hitting its lowest level since August 2025 in late trade, while the Shanghai Composite Index fell 0.9%. Hong Kong 's benchmark Hang Seng edged down 0.1%. Chinese producer prices rose at their fastest pace in more than four years in September, while consumer inflation came in below expectations. Pricier oil and commodities lifted factory-gate costs even as weak domestic demand kept broader price pressures contained.

Energy-related stocks rose as oil prices climbed on Saudi supply risk. 1%, while the CSI Energy Index climbed nearly 2%. 3%. Meanwhile, sentiment towards AI supply chain shares turned more negative in the afternoon session. 8%. 3%. 7%. China's stock benchmarks are near levels hit two years ago when a stimulus bonanza from Beijing lit up share prices and boosted hopes for a slow bull run, which is now limping into a three-month downtrend. HSBC analysts cut their end-2026 targets for the Shanghai Composite, CSI300 and Shenzhen Composite indexes by 9% to 15%, to 4,100, 4,800 and 14,500 respectively, implying upside of 8% to 15% from current levels.


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