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China stocks close flat as bank gains offset tech profit-taking
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China stocks ended mostly flat on Tuesday, with banking shares rising 1.6% helping to offset profit-taking in the tech sector. The CSI300 Index fell 0.1%, while the Shanghai Composite Index dropped 0.2%. Investor sentiment was affected by a lack of new policy support from financial regulators. AI firms saw a decline of up to 3%, and tech stocks in Hong Kong fell 1.4%. Meanwhile, shares of Nanjing Port Co Ltd and Ningbo Marine Co Ltd surged 10% after news of a new arctic shipping route.
Source: Reuters The copyright of this article belongs to the original author/organization.
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