China Stocks Struggle as Tech Weighs
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China's stock market showed mixed results, with the Shanghai Composite up 0.3% to around 4,080 and the Shenzhen Component down 0.5% to 14,050. Tech and AI stocks faced heavy selling, leading to declines in companies like Zhongji Innolight (-4.9%) and Eoptolink Technology (-6.3%). Conversely, defense and mining stocks rose, with Addsino Co gaining 6.7%. A private survey indicated that the Chinese services sector growth accelerated to a three-month high in January, driven by new orders and strong foreign demand.
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