2025.12.1802:26:01UTC+00China Stocks Struggle as Tech Weighs

The Shanghai Composite saw a modest increase of 0.1%, surpassing the 3,870 mark, while the Shenzhen Component experienced a decline of 0.7%, settling at 13,130 on Thursday. Mainland stocks remained indecisive as technology shares worldwide faced pressure due to concerns over inflated valuations and aggressive spending in the artificial intelligence sector. The technology sector's vulnerability was further highlighted by reports suggesting that Blue Owl Capital, a major investor in Oracle, had retracted its support for one of Oracle’s data center initiatives. Consequently, Chinese tech and AI-related stocks generally faced downward pressure, with Eoptolink Technology losing 1%, Zhongji Innolight falling by 1.9%, Foxconn Industrial dropping 3.4%, Victory Giant declining by 3.1%, and MetaX Integrated Circuits plummeting by 4.9%. Additionally, in corporate developments, embattled property developer China Vanke continued its efforts to negotiate extensions with lenders and bondholders concerning its interest payments, amid intensifying liquidity challenges.