China Stocks Drop on Tech Selloff

China's Shanghai Composite fell 1.6% and Shenzhen Component dropped 2.8% due to a tech and AI-linked global selloff. Key tech decliners included Zhongji Innolight, Eoptolink Technology, Shannon Semiconductor, Foxconn Industrial, and Victory Giant. New energy stocks like Sungrow Power, Contemporary Amperex, and Ganfeng Lithium also saw losses.