The Shanghai Composite tumbled 2.2% to 3,944 on Monday, its lowest level in two months, while the Shenzhen Component fell 1.8% to 15,033, marking a more than one-month low, as a broad selloff in technology stocks weighed heavily on mainland markets. The sector came under pressure after a sharp retreat in Wall Street's AI-related stocks, as stronger-than-expected US jobs data fueled concerns about a prolonged period of high interest rates. Leading decliners included Zhongji Innolight (-7.8%), Eoptolink Technology (-3.6%), and NAURA Technology (-3.8%). Sentiment was also hit after Iran framed its latest missile launch as a warning to Israel about its operations in Lebanon, even as Israeli defense systems apparently intercepted all projectiles. Domestically, investors now await China's trade and inflation data later this week for fresh clues on the strength of China's economy amid external and domestic headwinds.