Global Market: China stocks slip as tech shares fall
Benchmarks Nifty22,623.4023.41FEATURED FUNDS★★★★★UTI Aggressive Hybrid Fund Regular Plan-Growth5Y Return8.52 % Invest NowFEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return17.9 % Invest NowEnter search…
Chinese stocks declined as technology shares weakened and investors adopted a cautious stance ahead of major central bank meetings and corporate earnings. Concerns about the AI-driven rally, slowing economic conditions and possible trust-sector selling added to market pressure, while investors watched for support from state-backed funds.
Chinese stocks declined on Monday, dragged lower by technology shares and tracking weakness across regional markets, as investors turned cautious ahead of a busy week of major central bank meetings and corporate earnings, Reuters reported.At the midday break, the benchmark Shanghai Composite Index was down 0.2%, while the blue-chip CSI300 Index fell 0.5%. Technology stocks underperformed: the ChiNext Composite Index, which tracks growth-oriented companies, dropped 1.7% and Shanghai's technology-focused STAR50 Index tumbled 1.9%, Reuters reported.
As on 24 Oct 2026, 01:30 AM IST
S&P 500 Top Gainers
Crown Castle85.97(9.06%)CrowdStrike Holdings257.57(8.25%)Palo Alto Networks380.55(7.22%)SLB53.06(7.08%)S&P 500 Top Losers
LKQ17.42(-22.47%)Coterra Energy32.56(-8.62%)Globe Life154.79(-8.09%)AT&T20.93(-7.96%)Read more: Global Market: China's yuan hits four-year high as dollar weakens ahead of policy meetings
The CSI 5G Communications Index plunged 3.7% in morning trading, reflecting continued pressure on technology-related stocks.
According to Reuters, regional markets were subdued as investors assessed the outlook for the artificial intelligence-driven rally ahead of earnings from major technology companies and policy decisions from leading central banks. Oil prices also eased from six-month highs, offering some relief to markets amid broader uncertainty.
Live Events
Read more: Global Market: South Korean shares fall over 1% as AI trade concerns weigh; won strengthens
Chinese equities experienced volatile trading last week, with blue-chip shares recording their longest-ever weekly losing streak despite increased trading activity in exchange-traded funds favoured by state-backed investors.
Analysts at Morgan Stanley said concerns over potential selling linked to trust-sector taxation, pressure on e-commerce businesses, weakening macroeconomic conditions and elevated global market volatility had accelerated the market correction, Reuters reported.
The brokerage also highlighted the importance of monitoring whether state-backed investors, commonly referred to as the National Team, step up purchases of domestic equities more visibly.
Investor sentiment remained cautious ahead of policy meetings scheduled later this week by the US Federal Reserve, the Bank of Japan and the European Central Bank. All three are widely expected to leave interest rates unchanged, although policymakers could maintain a hawkish stance amid persistent economic and inflation uncertainties.
In Hong Kong, the benchmark Hang Seng Index edged up 0.4%, while the city's technology shares fell 0.4%, reflecting continued divergence between the broader market and the technology sector.
(Disclaimer: This article is based on inputs from agencies. These do not represent the views of The Economic Times)
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our ETMarkets WhatsApp channel)
Read More News onChinese stocksShanghai CompositeCSI 300technology sharesSTAR 50Hang Seng Indexcentral bank meetingscorporate earningsNational TeamChinese economy
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...moreless(You can now subscribe to our ETMarkets WhatsApp channel)
Read More News onChinese stocksShanghai CompositeCSI 300technology sharesSTAR 50Hang Seng Indexcentral bank meetingscorporate earningsNational TeamChinese economy
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...morelessPrime ExclusivesInvestment IdeasStock Report PlusePaperWealth EditionWill oil turn into a lingering problem? Is the world economy, India, or the market prepared?
KYB and KYC: Business behind the wealth creator called ‘Divi’s Lab’ – Part 2, concluding
KYB and KYC: Business behind the wealth creator called “Divi’s Lab” – Part 1
The global business of promising more
One company, 2 words. Bond yield and CDS: Will they decide the fate of global markets?
Business of Odd Things: Inside an industry that farms fish that nobody is meant to eat
- 1
- 2
- 3
& personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions &
in-depth stock reportsSubscribe NowET
Unlock Access to All Exclusives with ETPrime FREE TRIAL
15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers
Trial offer expiring in00 : 05 : 00
I'd rather pay ₹2599 nowUh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Prime Account Detected!
It seems like you're already an ETPrime member with
Login using your ET Prime credentials to enjoy all member benefits
Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.
Unlock ETPrime's Exclusive Stories Today!
Big Price Drop! Flat 40% Off
Student Only OfferAlready a Member? Sign In nowAlready a Member? Sign In nowAlready a Member? Sign In nowOffer Exclusively For You
Save up to Rs. 700/-
ON ET PRIME MEMBERSHIP
Avail OfferOffer Exclusively For You
Get 1 Year Free
With 1 and 2-Year ET prime membership
Avail OfferOffer Exclusively For You
Get 1 Year Free
With 1 and 2-Year ET prime membership
Avail OfferOffer Exclusively For You
Get Flat 40% Off
Then ₹ 1749 for 1 year
Avail OfferOffer Exclusively For You
ET Prime at ₹ 49 for 1 month
Then ₹ 1749 for 1 year
Avail OfferSpecial Offer
Get flat 40% off on ETPrime
Avail OfferAvail OfferClaim NowAlready a Member? Sign In nowNeed Assistance?
Connect with an ETPrime expert for personalized support and guidance
+91 9484700004'; }); } if(listing) { var h3 = "You tried reading " + listArr.length + " locked stories in the past " + threshold + " days.", h4 = "Become an ET Prime member and don't miss out on these exclusive stories."; var html = '' + h3 + '
' + h4 + '
- ' + listing + '
What’s Included with
ETPrime Membership
1Exclusive Insights That Matter
Uncover the truth with our investigative stories
Make strategic moves using the real-world case studies
Read industry-specific stories to identify emerging trends
Spot opportunities with in-depth insights that matter
Trump temper on H-1B visas is forcing Indians to do these things to stay put in US
What Adani’s US indictment means for India Inc’s overseas fundraising
Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.
Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?
Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?
The problem with lab grown diamonds
Why a falling rupee is a better option for the economy
A list of top 20 momentum stocks that have delivered massive returns in one year
2Invest Wisely With Smart Market Tools & Investment Ideas
Alpha Trade
Get daily trade ideas from SEBI-registered research analysts.
Investment Ideas
Grow your wealth with stock ideas & sectoral trends.
Stock Reports Plus
All-in-one stock research with Stock Score, peer comparison & key signals.
BigBull Portfolio
Get to know where the market bulls are investing to identify the right stocks.
Stock Analyzer
Check the score based on the company's fundamentals, solvency, growth, risk & ownership to decide the right stocks.
Market Mood
Analyze the market sentiments & identify the trend reversal for strategic decisions.
Stock Talk Live at 9 AM Daily
Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.
3Stay informed anytime, anywhere with ET ePaper
ePaper - Print View
Read the PDF version of ET newspaper. Download & access it offline anytime.
ePaper - Digital View
Read your daily newspaper in Digital View & get it delivered to your inbox everyday.
Wealth Edition
Manage your money efficiently with this weekly money management guide.
TOI ePaper
Read the PDF version of TOI newspaper. Download & access it offline anytime.
Deep Explainers
Explore the In-depth explanation of complex topics for everyday life decisions.
Health+ Stories
Get fitter with daily health insights committed to your well-being.
Personal Finance+ Stories
Manage your wealth better with in-depth insights & updates on finance.
5Enjoy Complimentary Subscriptions From Top Brands
Stream new documentaries from all across the world every day.
Stories you might be interested in
Figures reflect the source report and its stated period. This article is for information and is not investment advice.
