China Stocks Fall on Global Tech Rout
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China's stock market experienced a decline, with the Shanghai Composite falling 0.9% and the Shenzhen Component dropping 1.4%. This downturn followed a global tech rout, leading investors to avoid tech shares due to concerns over high valuations and heavy AI spending. Notable decliners included Eoptolink Technology, BlueFocus Intelligent, and Zijin Mining, among others. Resource-linked firms and clean energy stocks also faced significant losses.
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