China Computing-Power Hardware Stocks Slide; Yuanjie Tech and Kexiang Fall Over 10%

The breadth of the selloff — spanning optical communications, PCB and electronic materials names rather than a single segment — points to a sector-wide de-rating in China's computing-power hardware complex rather than company-specific news, especially since no catalyst was disclosed. That matters because these suppliers sit upstream of AI datacenter buildout, so clustered moves like this often reflect shifting sentiment on demand expectations rather than fundamentals. The open question is whether the weakness persists across the supply chain in coming sessions or proves a one-day repricing.