Mainland China stocks declined on Thursday as weakness in technology shares weighed on sentiment, tracking losses across regional chipmakers, according to a Reuters report. Meanwhile, Hong Kong equities gained momentum, supported by a strong rally in Alibaba shares after the company announced a major artificial intelligence integration with Apple.
The benchmark Shanghai Composite Index fell 0.8% at the midday break, while the blue-chip CSI300 index declined 0.9%. China’s technology-focused STAR50 index dropped 1%, and the start-up-focused CHINEXT index slipped 1.7%, reflecting broad weakness in growth-oriented stocks.
