As tech and AI-related stocks faltered, shares in China and Hong Kong saw a downturn on Thursday. Despite this, banking and energy stocks managed to offset some of the broader losses. The Shanghai Composite depreciated by 0.4% and the Hang Seng Index in Hong Kong dropped 0.7%. Notably, the CSI AI Index experienced its steepest single-day decline in two weeks, falling 2.2%. Amid heightened U.S.-EU trade tensions, analysts warn the staying power of Chinese stocks could wane, as U.S. demand declines and tariffs increase. While the regional MSCI Asia ex-Japan index decreased, Japan’s Nikkei index experienced gains. (With inputs from…
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