Published on 06/05/2026 at 03:49 am EDT
(MT Newswires) -- Chinese shares were down on Friday amid a technology stock selloff and rising hostilities in the Middle East.
The Shanghai Composite Index, the main gauge of Chinese stocks, declined 0.7% to 4,027.74. The Shenzhen Component Index fell 2.2% to 15,314.70.
Profit-taking in technology stocks prompted a defensive shift among investors ahead of the weekend, Reuters reported. Also, a selloff driven by AI concerns after Broadcom's lackluster earnings report on Wednesday continued for a second straight day.
Meanwhile, Hezbollah rejected a U.S.-brokered ceasefire deal between Israel and Lebanon.
In company news, Tongding Interconnection Information (SHE:002491) completed the registration for two new companies in Shaoguan's Qujiang District in Guangdong, China. Shares of the industrial automation equipment manufacturer closed 7% lower Friday.

Sumber : MT Newswires