Shenzhen Component falls 334 points after AI selloff
Published on 10/29/2026 at 13:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTechnology earnings and breadth
- The Shenzhen Component closed at 11,138 points on October 29, down 334 points or 2.9 percent.
- Communication equipment fell 8.9 percent as global AI spending concerns pressured technology shares.
- Tianfu Communication dropped 19.8 percent after computing hardware shares sold off.
- Eoptolink is scheduled to release third-quarter earnings on October 30.
The Shenzhen Component closed at 11,138 points on October 29, losing 334 points or 2.9 percent. AI hardware selling accelerated as global technology earnings revived concerns about heavy AI spending, Aju Press reported.
Tianfu Communication dropped 19.8 percent to close at CNY 161.60, while Biwin Storage fell 15.8 percent. Both moves came as computing hardware and memory-chip shares led the decline, Futunn reported.
Why is the Shenzhen Component down today?
Technology shares bore the heaviest pressure. Communication equipment fell 8.9 percent, components declined 8.1 percent and semiconductors lost 5.1 percent.
Banking, coal and wind-power equipment stocks advanced. Industrial and Commercial Bank of China and China Construction Bank reached record highs, while the four largest state-owned banks exceeded CNY 10 trillion in combined market value, RTHK reported.
Shenzhen Component breadth and sector losses
Only 789 stocks rose, while 4,795 fell and 63 were unchanged. Turnover across the Shanghai and Shenzhen markets totaled CNY 1.56 trillion, down from CNY 1.63 trillion on the previous session, Futunn reported.
The broader technology retreat followed disappointing results from major global companies, including Alphabet and Samsung Electronics. Market participants also focused on whether large AI investments can generate sufficient sales and profits.
What comes next for the Shenzhen Component
- October 30, 2026: Eoptolink Technology is scheduled to release its third-quarter 2026 earnings, Marketscreener shows.
- October 31, 2026: China's official manufacturing and non-manufacturing purchasing managers' indexes are scheduled, UOB says.
Shenzhen Component price data for October 29, 2026
The Shenzhen Component closed at 11,138 points on October 29, 2026, according to Xinhua via NAMPA. It lost 334 points, or 2.9 percent, against the previous close. The source did not state the open or daily high and low.
Shenzhen Component by the numbers on October 29, 2026
- Index: Shenzhen Component
- Home exchange: Shenzhen Stock Exchange, China
- Close on October 29, 2026: 11,138 points
- Change versus previous close: down 334 points (down 2.9 percent)
- Top loser: Tianfu Communication down 19.8 percent
- Next scheduled event: October 30, 2026: Eoptolink Technology third-quarter earnings
