China Stocks Plunge as ChiNext Drops Over 4% on Tech Selloff

Chinese equities suffered a broad decline in intraday trading, with the ChiNext index tumbling more than 4%, while the Shanghai Composite fell 0.95% and the Shenzhen Component Index dropped 2.85%. Leading losses were seen in computing hardware, biopharmaceuticals, semiconductor chips, and robotics sectors. More than 4,300 stocks declined across the Shanghai, Shenzhen, and Beijing exchanges.