A-shares slip in late trading as robotics and physical AI stocks retreat

On November 12, 2026, Eastmoney reported that Chinese A-shares opened higher and then slid through the day, with the ChiNext Index ending down more than 2% after a post-lunch drop. At the close, the Shanghai Composite Index fell 0.67%, the Shenzhen Component Index dropped 1.68%, and the ChiNext Index declined 2.44%, while the STAR market index nearly gave back all of its intraday gains. The breadth of the market was weakly skewed, with 875 stocks rising and 37 hitting their daily limit up, while 4,635 stocks fell.

Sector performance diverged sharply. Gas-supply stocks rose against the trend, with Dongfang Huanyu closing at its limit up for a fourth straight session and Hongtong Gas hitting its limit up. Consumer names were active, with Haodangjia, Guangbai and Huifa Food all closing at their limit up. Compute-chip stocks rallied during the session, as Enflame Technology rose more than 10% and Cambricon and Muxi Integrated Circuit gained over 8%. On the downside, AI-comic drama concept stocks sank, with Shanghai Film closing at its limit down, and robotics and physical-AI concept stocks fell, including Fulai New Material, which closed at its limit down.

The report linked the late-session selloff to turmoil in NVIDIA's leadership. It stated that global equity markets pulled back as investors assessed the knock-on effects of the NVIDIA leadership crisis, with Nasdaq futures down roughly 1%, Asian markets dropping sharply, and NVIDIA shares at one point plunging 10% in late US trading. Citing a person familiar with the matter, the report added that after reports emerged alleging multiple extramarital relationships involving NVIDIA CEO Jensen Huang, the company is working with an external firm to identify a potential successor as chief executive. So far, the process remains at the stage of searching for a candidate, and no successor has been formally named.