The Shanghai Composite slipped 0.2% to below 4,140 on Thursday, snapping a two-day advance as losses in new energy and metal stocks weighed on the broader market. Sentiment toward the sector soured after reports that the Trump administration plans to deploy a Pentagon-developed artificial intelligence system to help set reference prices for critical minerals.
Among clean energy and metal names, the sharpest decliners included Contemporary Amperex (-5%), Sungrow Power (-5.2%), China Northern Rare Earth (-1.7%), Zijin Mining (-1.3%) and CMOC Group (-1.9%).
By contrast, technology stocks extended their rebound for a second straight session, tracking gains on Wall Street as concerns over an overheated AI trade continued to ease. Notable outperformers included Victory Giant (+7.9%), Suzhou TFC Optical (+6.5%) and Range Intelligent Computing (+16.8%).
