Chinese daily stock turnover fell to the lowest level in over three months, as investors avoid the technology sector.

Analysts note that trading volume across the Shanghai and Shenzhen exchanges declined sharply, with the technology sector accounting for a larger share of the downturn. The drop underscores a broader pullback in China’s market sentiment.

The decline has implications for liquidity and market confidence. Despite stable macro indicators, the muted turnover suggests investors are seeking safer assets amid global uncertainties.

Experts advise monitoring sector rotation as technology firms may recover once sentiment improves. Meanwhile, the broader market may shift toward consumer staples and financials.