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CHINA'S SHANGHAI COMPOSITE INDEX closed down 56.84 points (-1.37%) at 4,106.25 on June 23; Shenzhen Composite Index closed down 518.30 points (-3.17%) at 15,854.20; CSI 300 INDEX closed down 140.27 points (-2.77%) at 4,919.39; CHINA'S CHINEXT INDEX c

2026-06-23

CHINA'S SHANGHAI COMPOSITE INDEX closed down 56.84 points (-1.37%) at 4,106.25 on June 23; Shenzhen Composite Index closed down 518.30 points (-3.17%) at 15,854.20; CSI 300 INDEX closed down 140.27 points (-2.77%) at 4,919.39; CHINA'S CHINEXT INDEX closed down 167.20 points (-3.84%) at 4,192.19; CHINA'S STAR 50 INDEX closed down 32.72 points (-1.68%) at 1,916.21.

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2026-06-23

ByteDance’s next‑generation Doubao AI phone faces a potential delay after running into certification hurdles, sources say. The device requires two clearances: a large‑model filing with the Cyberspace Administration and network‑access certification fr

ByteDance’s next‑generation Doubao AI phone faces a potential delay after running into certification hurdles, sources say. The device requires two clearances: a large‑model filing with the Cyberspace Administration and network‑access certification from the Ministry of Industry and Information Technology (MIIT). ByteDance began the filing process in January 2026; the first application was rejected and a second is pending, leaving the product in filing status. If approvals proceed smoothly, the earliest commercial launch is July–August 2026; sale will wait on filing clearance. Supply‑chain shifts reported: display supplier changed from Tianma on the prior model to BOE; battery supplier is Desay Battery using ATL cells; assembly/ODM is handled by Zhongnuo Communications, a unit of A‑share‑listed Furi Electronics.
2026-06-23

Shares of European chipmakers ASML, ASM International, STMicroelectronics, and Infineon fell between 3% and 6%.

Shares of European chipmakers ASML, ASM International, STMicroelectronics, and Infineon fell between 3% and 6%.
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