Chinese markets fall as technology stocks come under pressure
Mumbai, June 23 -- Chinese equity markets ended lower on Monday, with both the Shanghai and Shenzhen benchmarks retreating from recent highs amid weakness in technology stocks and negative cues from Wall Street.
The Shanghai Composite fell 1.37% to close at 4,106, while the Shenzhen Component Index dropped 3.17% to 15,854. The decline came after both indices had recently touched a one-month high and, in the case of Shenzhen, an over 11-year peak.
Investor sentiment was weighed down by losses in global technology stocks, as concerns grew that the sector's prolonged rally may have become overextended. Chinese technology shares also witnessed broad-based selling, with Zhongji Innolight falling 5.23%, Eoptolink Technology declining 4.82%, a...
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