China Stocks Halt 3-Day Slide
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China's Shanghai Composite and Shenzhen Component indices ended a three-day slide, rising 0.2% and 0.4% respectively. Tech and new energy stocks rebounded, with significant gains from companies like Zhongji Innolight and Tianqi Lithium. China also sold €4 billion in euro-denominated bonds, attracting record demand. In corporate news, PDD Holdings warned of a slowdown, Baidu reported its largest revenue drop, and Xiaomi posted its first quarterly profit from its electric vehicle business.
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