Global Market: China stocks slide as tech valuations face earnings test

China stocks fell on Thursday as investors returned from a week-long holiday to renewed geopolitical tensions, higher global bond yields and concerns over stretched valuations in the technology sector, as per a Reuters report. The largecap CSI300 index fell 0.4% in morning trading, hovering near a one-year low and extending its decline to about 15% from its June peak. The Shanghai Composite slipped 0.3%, while the tech-heavy STAR 50 index dropped nearly 4%.

Chinese stocks fell after the holiday break amid renewed US-China tensions, higher US Treasury yields and concerns over elevated technology valuations. The CSI300 and Shanghai Composite declined, while the STAR 50 suffered sharper losses. Investors are reassessing high-valued chip and technology stocks, with trade tensions, earnings expectations and global yields weighing on sentiment.

Summarised by Agaah from ET Markets. Agaah aggregates 36 sources and removes duplicate coverage — all news, one place.