China stocks slide as blue chips head for longest weekly losing streak

China’s main equity indexes fell on Friday, with the CSI300 heading towards an unprecedented 11th straight weekly decline, Business Recorder reported, citing Reuters. By midday, the Shanghai Composite was down 1.2% and the CSI300 had slipped 0.5%, while Shenzhen’s index fell 2.2%, ChiNext lost 2.1% and the STAR50 dropped 3.1%.

The latest declines followed weak finishes in the previous session, when the CSI300 reached its lowest close since July 2025 and the Shanghai benchmark hit a low not seen in more than a year. The CSI300 is more than 20% below its June 22 closing peak, while pressure on sentiment came from Wall Street technology share losses and dissatisfaction with Beijing’s limited fiscal support. Trading in several exchange-traded funds associated with state-backed investors rose on Friday morning, trimming losses and prompting speculation of official support; Hong Kong’s Hang Seng gained 0.6%.