HONG KONG, September 29, 2026: Chinese stocks fell to a 13-month low as technology shares led a broad market decline, with investors weighing higher oil prices, elevated U.S. yields and the approach of China’s National Day holiday.
The South China Morning Post reported that technology companies were among the biggest decliners as investors reassessed risk and market conditions.
South China Morning Post market coverage
Technology stocks under pressure
The decline came despite continued investment and policy support for artificial intelligence, semiconductors and advanced manufacturing. Individual shares can move sharply even when long-term industry investment remains strong.
Global factors
Oil prices and U.S. interest-rate expectations can affect investor sentiment toward emerging markets. Higher yields can also influence the relative attractiveness of riskier assets.
Hong Kong has nevertheless seen strong IPO activity in 2026, with several Chinese technology companies seeking listings. Read our Amicro listing report.
Market volatility
The latest decline is a market-performance development and does not by itself indicate a change in the underlying outlook for every Chinese technology company or industry.
Source: South China Morning Post.
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