Chinese stocks extend losses, semiconductors sold off; Hong Kong rises for second day led by Alibaba

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โดย Reuters·Read original
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Chinese stock markets ended the day lower, extending losses. Amid a sell-off in Asian tech shares, the semiconductor sub-index fell 6%, dragging the Shanghai Composite Index to its lowest level since April 3. Meanwhile, Hong Kong stocks rose for a second straight session, with Alibaba gaining 3.1% to lift the Hang Seng Index. Alibaba disclosed that its own AI model, Qwen, will be integrated into Apple Intelligence through Apple's operating system in China.

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