China stocks close at one — year low as AI hardware rout deepens
(Updates to market close) SHANGHAI, Oct 14 (Reuters) — Chinese stocks ended on Wednesday at their lowest level in more than a year as a selloff in AI-related supply chain shares deepened and as investors digested mixed domestic inflation data. * The CSI300 Index closed 1.4% down, hitting its lowest level since August 2025 in late trade, while the Shanghai Composite Index fell 0.9%. Hong Kong's benchmark Hang Seng edged down 0.1%. * Chinese producer prices rose at their fastest pace in more than four years in September, while consumer inflation came in below expectations. Pricier oil and commodities lifted factory-gate costs even as weak domestic demand kept broader price pressures contained. * Energy-related stocks rose as oil prices climbed on Saudi supply risk. The Coal Index was up 1.1%, while the CSI Energy Index climbed nearly 2%. * Consumer staple shares gained 0.3%. * Meanwhile, sentiment towards AI supply chain shares turned more negative in the afternoon session. The 5G Communication Index fell 3.8%. The tech-focused STAR50 Index was down 3.3%. * Zhongji Innolight, a leading maker of optical transceivers used in AI data centres, slumped 5.7%. * China's stock benchmarks are
(Updates to market close) SHANGHAI, Oct 14 (Reuters) — Chinese stocks ended on Wednesday at their lowest level in more than a year as a selloff in AI-related supply chain shares deepened and as investors digested mixed domestic inflation data. 9%. 1%. * Chinese producer prices rose at their fastest pace in more than four years in September, while consumer inflation came in below expectations.
Pricier oil and commodities lifted factory-gate costs even as weak domestic demand kept broader price pressures contained. * Energy-related stocks rose as oil prices climbed on Saudi supply risk. 1%, while the CSI Energy Index climbed nearly 2%. 3%.
* Meanwhile, sentiment towards AI supply chain shares turned more negative in the afternoon session. 8%. 3%. 7%.
* China's stock benchmarks are near levels hit two years ago when a stimulus bonanza from Beijing lit up share prices and boosted hopes for a slow bull run, which is now limping into a three-month downtrend. * HSBC analysts cut their end-2026 targets for the Shanghai Composite, CSI300 and Shenzhen Composite indexes by 9% to 15%, to 4,100, 4,800 and 14,500 respectively, implying upside of 8% to 15% from current levels. * Value stocks have outperformed growth since July, but HSBC said the trend could prove temporary, citing growth stocks' lower valuations and stronger earnings-revision momentum. 9%.
Still, the index was hovering near a two-year low. com)