ASIAN markets mostly gained on Friday after an intense selloff of Chinese equities stalled this week, with rumours the country’s financial regulators could intervene to slow the dumping.
Chinese stocks’ August rally, fuelled by surging shares in semiconductor firms, ground to a halt this week, with Cambricon Technologies crashing 14 per cent on Thursday, as investors weighed potential regulations.
China’s blue-chip CSI 300 benchmark was recovering after falling 2.1 per cent a day earlier — the largest drop since early April, when US President Donald Trump’s tariff threats caused the index to drop more than seven percent in one day.
Tokyo and Hong Kong were both up on Friday morning, and Shanghai’s benchmark index, which was tracking down in early trading, had clawed back up.
Analysts said the decline followed a Bloomberg report that China’s financial regulators may implement measures to cool the pace of the selloff in…
