The Shanghai Composite fell 0.3% to 4,204 on Wednesday, while the Shenzhen Component edged down 0.2% to 15,799, extending losses from the prior session as technology stocks came under broad pressure while investors geared up for the highly anticipated Trump–Xi summit. Hygon Information Technology dropped 4.6%, Zhongji Innolight fell 1.4%, NAURA Technology Group declined 3%, and Huagong Tech lost 3.4%, as sentiment in the sector weakened on reports that South Korea is considering a universal dividend tied to recent gains in AI infrastructure stocks, raising concerns about valuations across the sector. Meanwhile, investors are closely watching the high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping on May 14–15, with talks set to cover a broad range of sensitive issues. Trump has indicated that trade will remain the central focus of the discussions, tempering expectations that the Middle East conflict will dominate the agenda.