CSI 300 dipped 1.6% on Thursday, falling to 7,300 points and lining up a 20% loss from its June peak—its steepest slide since early 2023.
The Hang Seng China Enterprises Index mirrored the trend, falling 2.9% in a single session as AI‑related names were dragged down by a global sell‑off.
Contemporary Amperex Technology Co. Ltd. saw its shares tumble 12% after reporting quarterly profit growth that lagged expectations, a sign that policy support is fading.
China’s third‑quarter growth beat the 5.5% forecast, keeping the economy within the government’s annual target, yet the consumption slump has dented investor confidence.
State‑backed buying has been deployed to curb panic, but analysts warn that such intervention alone may not sustain a rebound.
Investors are watching upcoming earnings and policy decisions closely; the central bank’s commitment to incremental stimulus could shape the next few weeks of market dynamics.