Shanghai Composite Falls 1.1% as Global AI Rout Hits China Tech, but Beijing Support Limits Mainland Losses
SHANGHAI — Chinese stocks fell on Friday as a global selloff in artificial intelligence shares rippled across Asia, though mainland markets held up far better than the region's chip-heavy exchanges.
The Shanghai Composite Index fell 40.73 points, or 1.10%, to 3,649.18.
The decline was mild compared with neighboring markets. Analysts noted the milder Hong Kong and Shanghai moves contrasted with the much steeper losses in chip shares and Japanese semiconductor........
