China stocks fell on October 29, 2026, with technology indexes recording the steepest losses by the midday break. The decline followed the Federal Reserve’s decision a day earlier to leave US interest rates unchanged.

Key Takeaways

  • The Shanghai Composite fell 0.9% and the CSI 300 lost 1.2% by midday.
  • The technology-focused STAR 50 and ChiNext Composite fell more than 3%.
  • Hong Kong’s Hang Seng edged higher even as its technology shares declined.

China stocks retreat at midday

Technology shares fell more sharply than the broader mainland benchmarks. The CSI 5G Communications Index dropped 6.1% during morning trading.

Robot maker Yushu Technology, also known as Unitree, fell 4.3% after reporting a decline in third-quarter net profit despite a 70% year-on-year rise in revenue. It was the company’s first earnings report since listing.

James Wang, head of China strategy at UBS Investment Bank Research, said AI hardware valuations had approached historical lows, reflecting expectations of a significant slowdown in earnings-per-share growth. He cautioned that sentiment toward artificial intelligence remained fragile.

ItemDetails
Shanghai CompositeDown 0.9% at the midday break.
CSI 300Down 1.2% at the midday break.
ChiNext CompositeDown 3.6% at the midday break.
STAR 50Down 4.2% at the midday break.
CSI 5G Communications IndexDown 6.1% during morning trading.

Fed decision and regional trading

In its October 28 policy statement, the Federal Reserve maintained its federal funds target range at 3.75% to 4% and said inflation remained elevated. The subsequent stock moves do not establish that the decision caused the decline.

In Hong Kong, the Hang Seng Index edged up 0.1%, while technology shares fell 2%. Across Asia, markets gave up earlier gains amid mixed reactions to AI-related earnings announcements.

Next milestone

Investors were also awaiting results from Amazon and Intel later on October 29.

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.