The Shanghai Composite fell 1.25% to close at 4,094 on Wednesday, while the Shenzhen Component declined 0.88% to 15,736, wiping out gains from the earlier session as profit-taking pressure emerged amid strong economic data. Technology and semiconductor stocks led the decline, particularly Cambricon Technologies (-4.99%), Hygon Information Technology (-5.98%), Semiconductor Manufacturing International Corporation (-1.67%), Eoptolink Technology (-1.14%), and Victory Giant Technology (-2.28%), despite continued optimism surrounding artificial intelligence, which has recently driven Asian technology shares to fresh highs. On the economic front, China’s industrial profits jumped 18.2% year-on-year in the January–April period, accelerating from a 15.5% rise in the first quarter. The latest figure pointed to continued resilience in the country’s industrial sector despite lingering geopolitical uncertainties tied to tensions in the Middle East.