Chinese equity markets extended gains, with tech stocks staging a sharp rebound after being sold off the previous day. The STAR 50 Index on the Shanghai Stock Exchange's STAR Market for emerging high-tech companies initially fell more than 3 percent before surging 10.8 percent, its biggest gain since October 18, 2024. The ChiNext Composite Index on the Shenzhen Stock Exchange's board for growth enterprises also rose 5.7 percent, while the CSI 300 Semiconductor Index soared 12.2 percent. The head of the China Securities Regulatory Commission pledged at a meeting with investors on the 20th to make every effort to ensure stable market operations. In Hong Kong, the Hang Seng Index was nearly flat, but tech stocks gained 1.3 percent. Investors are focusing on the Communist Party's Politburo meeting around the end of July, with Goldman Sachs Chief China Economist Hui Shan indicating expectations for a stronger easing stance.