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China's blue-chip stocks hit over one-year low on AI-linked supply chain selloff
SHANGHAI: China’s blue-chip stock index fell to its lowest in more than a year on Friday, as a selloff in AI-related supply chain shares deepened, while Hong Kong stocks rebounded on gains in internet companies. The CSI300 Index dropped 1.3% by the lunch break to its lowest level since August 2025, while the Shanghai Composite Index lost 1.2%. Hong Kong’s benchmark Hang Seng was up 1.1%. The 5G Communication Index fell as much as 6% to a two-month low. The tech-focused STAR50 Index extended losses, down nearly 4% to a five-month low. Zhongji Innolight, a leading maker of optical transceivers u...
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