hinese stocks found some footing on Wednesday as state pledges to support the local market and surging interest in domestic tech firms softened the blow to sentiment from the 104 percent tariffs imposed by the US on Chinese goods.
The blue-chip CSI300 Index opened down but clawed back losses to edge up 0.3 percent by the lunch break, while the Shanghai Composite Index rose 0.2 percent. Bucking the rally, Hong Kong’s benchmark Hang Seng, which did not directly benefit from state support, was down 1.6 percent.
The United States said 104 percent duties on imports from China would take effect on Wednesday, even as the Trump administration moved to quickly start talks with other trading partners targeted by President Donald Trump’s sweeping…
