China Stocks Stall After Strong Rally
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The Shanghai Composite fell 0.5% to 4,084 and the Shenzhen Component dropped 0.15% to 14,011, marking a pause in the strong rally that had driven indexes to multi-year highs. This rally was fueled by optimism in China's AI and high-tech sectors, alongside expectations for policy support. Despite the decline, trading turnover remained high, exceeding the five-year daily average, indicating strong investor interest. Technology stocks led the decline, with notable drops from companies like Zhongji Innolight and Luxshare Precision.
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