China Stocks Mixed as Geopolitical Risks Weigh
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China's stock market showed mixed results as the Shanghai Composite fell 0.2% to below 4,080, while the Shenzhen Component rose 0.3% to 14,070. Geopolitical tensions, particularly China's export controls on military-use products to Japan, affected investor sentiment. Defense stocks suffered losses, with China Spacesat down 5.6%. In contrast, technology and AI-related shares performed well, with Zhongji Innolight gaining 2.8% and BlueFocus Intelligent rising 7%.
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