Global Market: Chinese stocks slip as AI, chip shares extend correction; defensive sectors offer support
Chinese stocks declined on Thursday as AI and semiconductor shares extended their correction amid profit booking in expensive technology names. Defensive sectors including banking, rare earths and gold stocks limited losses, while Hong Kong markets outperformed with gains in Tencent and broader technology shares despite lingering geopolitical concerns.
Chinese stocks declined on Thursday as AI and semiconductor shares extended their correction amid profit booking in expensive technology names. Defensive sectors including banking, rare earths and gold stocks limited losses, while Hong Kong markets outperformed with gains in Tencent and broader technology shares despite lingering geopolitical concerns.
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