Chinese equity markets rebounded on Monday after suffering steep losses last week, as signs of government-backed support helped restore investor confidence in traditional sectors. However, technology and semiconductor-related stocks continued to face selling pressure amid concerns over stretched valuations and the global retreat from AI-linked shares, Reuters reported.
According to Reuters, the benchmark CSI300 Index rose 1.6% by the midday break, while the Shanghai Composite Index advanced 1.2%. In Hong Kong, the Hang Seng Index climbed 2%, extending the broader market recovery.
