Valuations for tech AI hardware names near historical trough

The tech index dived 109 points, or 2.8 percent, to 3,744 while tech shares were among the main drags, with the startup board ChiNext Composite index ChiNext Index diving 117 points, or 4.45 percent, to 2,517 on turnover of 419.35 billion yuan.

Shanghai’s tech-focused Star50 index tumbled 4.3 percent to notch the weakest close since September 2025.

Robot maker Yushu Technology, also known as Unitree, slumped 4.8 percent after its third-quarter net profit fell despite revenue rising 70 percent from a year earlier in its first earnings report since listing.