Shanghai, Jan 19, 2026, 09:48 CST — Regular session underway.
Shares of Piotech, Inc. Class A dropped roughly 2.2% to 377.13 yuan during morning trading in Shanghai, down from Friday’s 385.68 close. The stock kicked off the session at 385.68 yuan and has fluctuated in the 377.00 to 386.29 yuan range, staying close to its 52-week peak of 394 yuan, per market data. (Investing)
This move is significant as the stock occupies a central spot in China’s early-2026 tech surge, with chip-related names shouldering much of the risk appetite. An onshore tech index, similar to Nasdaq, has surged nearly 13% this month. Mark Mobius, managing director of Mobius Emerging Opportunities Fund, told Bloomberg TV on Friday that “the money is going in that direction.” (The Economic Times)
Overnight headlines weighed on markets. Asian stocks edged lower, and the dollar softened after U.S. President Donald Trump threatened additional tariffs on eight European countries. Later Monday, China is set to publish its fourth-quarter GDP figures, Reuters reported. George Saravelos, Deutsche Bank’s global head of FX research, described the risk as “a weaponization of capital rather than trade flows.” (Reuters)
Piotech is listed on Shanghai’s STAR Market, the tech-centric board where mainland “A-shares” (yuan-denominated stocks) react sharply to policy and macro shifts. Traders often use it as a quick proxy for domestic semiconductor capacity investment.
Piotech manufactures thin-film deposition equipment, providing tools essential for memory and logic chip production. The company primarily targets the domestic market, LSEG data shows. (Reuters)
China’s drive to boost its domestic chip tool industry is providing a bigger tailwind for the sector. According to a Reuters report from late December, chipmakers applying for government approval on new capacity must ensure at least half their equipment comes from local suppliers. This policy shift could benefit Chinese firms like Naura Technology and Advanced Micro-Fabrication Equipment (AMEC), while putting pressure on overseas players such as Lam Research. (Reuters)
That policy trade works both ways. Once the market factors in slower growth, tighter funding, or new tech flow restrictions, high-multiple chip-equipment stocks often drop harder than the wider index.
Piotech has an extraordinary shareholders meeting lined up for Jan. 26 in Shenyang, including online voting. The agenda: filling a non-independent board seat and tweaking board committee memberships, according to a company notice. Shareholders must be registered by Jan. 19 to vote. (Stcn)
