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As on : 30-Jul-2026
Market Commentary - Foreign Markets
30-Jul-2026     16:53

China stocks slip on Tech sell-off

China's stock markets closed lower on Thursday as investors sold technology stocks to invest in safer sectors. The Shanghai Composite fell 0.62% to 3,804.7, and the Shenzhen Component dropped 2.73% to 13,285.8, marking its lowest close since December 2025. Concerns over high valuations in tech stocks led to a shift towards consumer, property, and high-dividend stocks. Major tech companies, including Cambricon Technologies, SMIC, and Zhongji Innolight, saw significant losses. This selling trend occurred despite Zhongji Innolight's successful HK listing, raising HK$53.4 billion ($6.8 billion).

INDIAN INDICES

Sensex

73,895.74 315.20 (0.43%)

Nifty

23,140.50 77.40 (0.34%)

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24,507.16 -253.98(-1.03%)