Today: 7 February 2026
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China Economy News 1 February 2026 - 7 February 2026

Why Tencent stock fell: an OpenClaw AI warning, chip shortages — and what’s next for 0700.HK

Why Tencent stock fell: an OpenClaw AI warning, chip shortages — and what’s next for 0700.HK

Tencent shares fell 2% to HK$547.50 in Hong Kong on Friday, tracking a 1.1% drop in the Hang Seng TECH index. China warned of security risks tied to the OpenClaw AI agent, which Tencent Cloud offers, while Intel and AMD flagged longer waits and higher prices for server CPUs in China.
7 February 2026
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Illumina (ILMN) stock slides 10% after 2026 outlook puts China, research demand back in focus

Illumina (ILMN) stock slides 10% after 2026 outlook puts China, research demand back in focus

Illumina shares dropped 10.3% to $119.91 after the company forecast 2026 revenue of $4.5–$4.6 billion and non-GAAP EPS of $5.05–$5.20. Management cited progress in China but said approvals are still needed for instrument sales. Fourth-quarter revenue rose 5% to $1.16 billion, with ex-China revenue up 8%. The company expects 2026 organic revenue growth of 2–4% excluding China.
6 February 2026
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Lithium price slips again in China, dragging Albemarle and SQM shares lower before Wall Street opens

Lithium price slips again in China, dragging Albemarle and SQM shares lower before Wall Street opens

China’s battery-grade lithium carbonate price fell about 4% to 134,500 yuan per tonne, pressuring lithium stocks in U.S. premarket trading. Albemarle dropped 7.2%, SQM slipped 4%, and Lithium Americas lost 8.6%. Shanghai Metals Market said downstream stockpiling ahead of Lunar New Year is nearly complete. LME lithium hydroxide CIF slid 3.3% to $17,600 per tonne.
6 February 2026
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Lithium price tumbles in China as futures hit limit — what it means for Albemarle, SQM and the week ahead

Lithium price tumbles in China as futures hit limit — what it means for Albemarle, SQM and the week ahead

China’s battery-grade lithium carbonate index fell 5.4% to 141,706 yuan per ton Thursday, with futures briefly hitting their daily limit down. SQM shares sank 7% in U.S. premarket trading, while Albemarle slipped 1.2%. Tianqi Lithium plans to raise $750 million via share placement and convertible bonds, and aims to sell part of its SQM stake. Zimbabwe reported an 11% rise in 2025 spodumene exports, but revenue was flat.
5 February 2026
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Lithium price slips again in China as Albemarle, SQM slide before the bell

Lithium price slips again in China as Albemarle, SQM slide before the bell

China’s battery-grade lithium carbonate prices fell to 154,434 yuan per ton Monday, with futures swinging between 132,400 and 152,800 yuan. U.S.-listed lithium producers Albemarle, SQM, and Lithium Americas dropped up to 10.5% in premarket trading. The Global X Lithium & Battery Tech ETF lost nearly 5%. Traders are watching for fresh demand signals from China and upcoming earnings reports.
2 February 2026
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National Silicon Industry Group (688126.SS) stock drops nearly 3% — what traders are watching in China’s wafer name

National Silicon Industry Group (688126.SS) stock drops nearly 3% — what traders are watching in China’s wafer name

National Silicon Industry Group shares fell 2.8% to 21.78 yuan in Shanghai by 10:26 a.m., tracking a broader drop in Chinese stocks. The company forecast a 2025 net loss of up to 1.53 billion yuan, citing wafer price pressure and possible goodwill impairment. 300mm wafer sales rose over 25%, but margins remained under strain. Investors watched for macro data and tech earnings to gauge risk appetite.
2 February 2026
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OmniVision Integrated Circuits Group Class A stock price: what to watch before Shanghai opens after China PMI slip

OmniVision Integrated Circuits Group Class A stock price: what to watch before Shanghai opens after China PMI slip

OmniVision Integrated Circuits Group shares fell 1.37% to 121.20 yuan in Shanghai on Jan. 30, with year-to-date losses at 3.73%. China’s official factory PMI dropped to 49.3 in January, signaling contraction; the private-sector PMI is due Feb. 2. Investors are watching AI chip supply and central bank meetings. OmniVision recently raised HK$4.8 billion in Hong Kong for R&D.
2 February 2026
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China PMI slip puts ESWIN Material’s 688783 A-shares in focus before Shanghai open

China PMI slip puts ESWIN Material’s 688783 A-shares in focus before Shanghai open

Xi'an ESWIN Material shares face pressure before Monday’s open after China’s official factory PMI fell to 49.3 in January, signaling contraction. The stock closed at 26.29 yuan on Jan. 30, down 1.39% over five sessions but up 10.46% year-to-date. ESWIN forecasts 2025 revenue at 2.65 billion yuan with a net loss near 738 million yuan. Traders await the company’s annual report due April 21.
2 February 2026
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Sungrow Power (300274.SZ) shares in focus ahead of open after Friday jump as China PMI slips

Sungrow Power (300274.SZ) shares in focus ahead of open after Friday jump as China PMI slips

Sungrow Power Supply closed up 3.2% at 151.00 yuan Friday in Shenzhen, ahead of Monday’s private-sector PMI release. China’s official manufacturing PMI fell to 49.3 in January, signaling contraction and sparking concern over domestic demand. Investors are watching for signs of weakness in new energy equipment orders as macroeconomic signals overshadow company news.
2 February 2026
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CATL stock price in focus as China PMI slips into contraction and BYD sales slide again

CATL stock price in focus as China PMI slips into contraction and BYD sales slide again

CATL Class A shares rose 2.37% to 350 yuan in Shenzhen trading. China’s official manufacturing PMI fell to 49.3 in January, signaling contraction, while non-manufacturing PMI slipped to 49.4. BYD reported January vehicle sales down 30.1% year-on-year, its fifth monthly drop. Investors await China’s private-sector PMI data on Feb. 2.
1 February 2026
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China Construction Bank Class A stock price: PMI slump and home-price data set up Monday’s trade

China Construction Bank Class A stock price: PMI slump and home-price data set up Monday’s trade

China Construction Bank A shares closed at 8.72 yuan Friday, down 0.6% as China’s official PMI fell to 49.3 in January, signaling contraction. New home prices in 100 cities rose 0.18% last month, while resale price declines slowed. The non-manufacturing PMI dropped to 49.4, its lowest since December 2022. Investors remain cautious ahead of further economic data and policy signals.
1 February 2026
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Alibaba stock slips into Monday: China PMI shock and AI chip access are the next tests

Alibaba stock slips into Monday: China PMI shock and AI chip access are the next tests

Alibaba’s U.S.-listed shares fell 2.7% to $169.56 Friday, with trading volume near 10.8 million. The drop followed weaker-than-expected Chinese manufacturing and services data, which renewed concerns about domestic demand. The Nasdaq lost 0.94% and the S&P 500 slipped 0.43%. Investors are watching for China’s upcoming economic data and Alibaba’s Feb. 19 earnings.
1 February 2026
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Stock Market Today

Home Depot stock price: jobs, inflation and a Feb. 24 earnings test loom

Home Depot stock price: jobs, inflation and a Feb. 24 earnings test loom

7 February 2026
Home Depot shares rose 0.7% to $385.15 Friday, trading between $379.10 and $386.37. Investors await a delayed U.S. jobs report Wednesday and CPI data Friday, both postponed by a brief government shutdown. Home Depot reports fourth-quarter earnings Feb. 24. The Dow closed above 50,000 for the first time.
JPMorgan stock price jumps 4% into weekend as Wall Street braces for a busy data week

JPMorgan stock price jumps 4% into weekend as Wall Street braces for a busy data week

7 February 2026
JPMorgan shares rose 3.95% to $322.40 Friday, outpacing other major banks as U.S. stocks rallied and the Dow closed above 50,000 for the first time. The bank recently completed a $3 billion subordinated notes offering. Investors are watching for delayed U.S. jobs data and inflation figures next week, ahead of JPMorgan’s Feb. 23 company update.
AbbVie stock price: ABBV ends week near $223 after earnings swing — what to watch next

AbbVie stock price: ABBV ends week near $223 after earnings swing — what to watch next

7 February 2026
AbbVie shares rose 2% to $223.43 Friday, capping a volatile week marked by earnings and drug sales scrutiny. Moody’s upgraded AbbVie’s credit rating to A2, citing strong performance in immunology and neuroscience. Investors remain focused on Skyrizi and Rinvoq growth amid rising competition and recent regulatory filings. Trading volume stayed below average, with the stock still 9% off its 52-week high.
SK hynix stock price slips into Monday after S&P upgrade, tech selloff

SK hynix stock price slips into Monday after S&P upgrade, tech selloff

7 February 2026
SK hynix shares closed at 839,000 won, down 0.36% Friday and 8% for the week, as tech stocks retreated across Asia. S&P Global Ratings upgraded the chipmaker to “BBB+” with a positive outlook, citing strong HBM sales. The KOSPI fell 1.4% Friday, ending a six-week winning streak. Traders await Monday’s Seoul open for signs of further tech weakness.
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