周四，上证综指下跌1.25%，收于3766点，深证成分股下跌2.83%，收于12119点，这是连续第三次下跌，因为获利回吐打击了科技股。市场情绪进一步减弱，此前有报道称中国金融监管机构可能会对股市采取降温措施，包括放宽卖空限制。由于强劲的资金流入和创纪录的保证金融资，8月份内地股市飙升10%，引发了人们对经济过热的担忧。人工智能和半导体股推动上证指数上涨至十年高点，但在对基本面疲软的担忧再次出现的情况下，它们面临着更大的压力。主要输家包括中技创新（-13.4%）、易通科技（-15.6%）、寒武纪科技（-14.5%）、胜利巨人（-8.8%）和富士康工业（-2.1%）。

The Shanghai Composite fell 1.25% to 3,766 while the Shenzhen Component sank 2.83% to 12,119 on Thursday, marking a third straight decline as profit-taking hit technology shares. Sentiment weakened further after reports suggested Chinese financial regulators may introduce cooling measures for the stock market, including easing short-selling curbs. Mainland equities had surged 10% in August on strong fund inflows and record margin financing, stoking concerns of overheating. Artificial intelligence and semiconductor stocks, which powered the rally that lifted the Shanghai index to a decade high, came under added pressure amid renewed worries about weak fundamentals. Major losers included Zhongji Innolight (-13.4%), Eoptolink Technology (-15.6%), Cambricon Technologies (-14.5%), Victory Giant (-8.8%) and Foxconn Industrial (-2.1%).

在中国，上海综合指数周四下跌47点，跌幅1.24%。亏损最多的是中国钼业（-9.60%）、复星医药（-5.88%）和内蒙古包头钢铁（-5.86%）。

In China, the Shangai Composite Index fell 47 points or 1.24 percent on Thursday. Leading the losses are China Molybdenum (-9.60%), Sh Fosun Pharma (-5.88%) and Inner Mongolia BaoTou Steel (-5.86%).

彭博新闻社周三报道称，自8月初股市强劲反弹以来，中国监管机构正在考虑采取措施为股市降温。提交给高级政策制定者的建议包括取消一些卖空限制和加强对投机交易的监管，因为人们担心急剧逆转可能会打击散户投资者。官员们的目标是促进更稳定的收益，以支持经济和消费者信心。目前尚不确定是否会采纳任何提案。在上个月于北京举行的一次研讨会上，中国证监会主席吴青承诺要维护市场稳定，巩固“积极势头”，同时鼓励“长期、价值和理性投资”

Chinese regulators are weighing measures to cool the stock market after a strong rally since early August, Bloomberg News reported Wednesday. Proposals submitted to top policymakers include lifting some short-selling curbs and tightening oversight of speculative trading, amid concern that a sharp reversal could hit retail investors. Officials aim to foster more stable gains to support the economy and consumer sentiment. It remains uncertain if any proposals will be adopted. At a symposium in Beijing last month, China Securities Regulatory Commission Chairman Wu Qing pledged to safeguard market stability and consolidate the “positive momentum” while encouraging “long-term, value, and rational investing.”

周四，上证综指下跌1.2%，至3770点以下，而深证成分股下跌2.2%，至12200点，这标志着人工智能和半导体股连续第三次下跌，面临巨大的抛售压力。这些板块推动了上证指数升至十年高点的反弹，但获利回吐和对疲软基本面的再次担忧引发了回调。随着美国总统唐纳德·特朗普推动维持关税并升级对中国的言论，地缘政治和贸易风险进一步抑制了市场情绪。跌幅较大的公司包括中技创新（-10.4%）、易通科技（-13.2%）、寒武纪科技（-11.5%）、胜利巨人（-6%）和富士康工业（-4.4%）。

The Shanghai Composite fell 1.2% to below 3,770 while the Shenzhen Component slid 2.2% to 12,200 on Thursday, marking a third straight decline as artificial intelligence and semiconductor shares came under heavy selling pressure. Those sectors had fueled the rally that lifted the Shanghai index to a decade high, but profit-taking and renewed concerns over weak fundamentals triggered a pullback. Sentiment was further dampened by geopolitical and trade risks as US President Donald Trump pushed to maintain tariffs and escalated his rhetoric toward China. Notable losers included Zhongji Innolight (-10.4%), Eoptolink Technology (-13.2%), Cambricon Technologies (-11.5%), Victory Giant (-6%) and Foxconn Industrial (-4.4%).