China, HK stocks end lower; global tech rout, silver selloff dent sentiment
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Mainland China and Hong Kong stocks closed lower on Friday, impacted by a global tech selloff and significant losses in silver futures. The Shanghai Composite index fell 0.25%, while the Hang Seng Index dropped 1.21%, marking its worst weekly performance since November 2025. Concerns over AI's impact on the tech sector contributed to the decline. Analysts suggest that equity markets will face a more complex investment landscape in 2026, focusing on differentiated business models. Attention is now on China's upcoming inflation data, with expectations of thin trading ahead of the Lunar New Year holidays.
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