Mainland China stocks rebounded on Thursday, a day after Shanghai benchmark’s steepest daily drop since April, as optimism around Beijing’s artificial intelligence push fuelled gains in tech shares.
Meanwhile, Hong Kong shares extended losses to its third straight session, dragged by food delivery group Meituan’s profit slump.
** At the close, the Shanghai Composite index 000001 rose 1.14% to 3,843.60 points. The blue-chip CSI300 index 3399300 was up 1.77%.
** Shanghai’s tech-focused STAR Market 0000688 ended the session 7.23% higher and looked set to record its biggest-ever monthly rise.
** Semiconductor stocks led gains, with the sub-index tracking the sector 9990001 jumping 7.27%, on rising expectations that China will accelerate efforts on domestic AI chip alternatives.
** China’s chipmakers are seeking to triple the country’s output of AI chips in 2026 to reduce dependence on Nvidia 
NVDA, the Financial…
