Chinese stocks declined on Tuesday, extending a broader technology-led selloff across Asian markets as investors reassessed stretched valuations amid concerns over rising domestic chip production and massive investments in artificial intelligence infrastructure.
According to Reuters, the blue-chip CSI300 index fell 2.3% by the midday break, touching its lowest level since July 21. The Shanghai Composite Index also declined 1% to 3,820.52 points as selling pressure intensified across technology and semiconductor shares.
