The Shanghai Composite fell 0.8% to below 3,840 while the Shenzhen Component lost 0.9% to 12,990 on Tuesday, extending losses from the previous session as mounting economic concerns and the absence of strong policy support pressured the market. A series of economic indicators released on Monday highlighted slowing activity, including weaker-than-expected retail sales and industrial production growth, alongside declines in fixed asset investment and new home prices. Global uncertainty over the sustainability of the artificial intelligence trade also weighed on local tech stocks, with notable declines in Eoptolink Technology (-2.2%), Zhongji Innolight (-1%) and Cambricon Technologies (-2.6%). Meanwhile, Changan Auto (+3.1%) and BAIC Motor (+6.9%) surged after regulators approved, for the first time, two of their electric sedans featuring level-3 autonomous driving capabilities.
