China Stocks Head for Second Weekly Loss
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The Shanghai Composite and Shenzhen Component are set for a second weekly decline, influenced by a global tech selloff and concerns over AI spending. Investor sentiment is further dampened by volatility in metals and cryptocurrency markets. Chinese tech stocks like Zhongji Innolight, Eoptolink Technology, and Leo Group experienced losses, while resource-related shares such as Zijin Mining, Hunan Gold Corp, and Beijing Xiaocheng saw gains as precious metals stabilized.
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