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China stocks edge towards one-year low, dragged down by AI hardware share
SHANGHAI: Chinese stocks slipped on Wednesday as a selloff in AI-related supply chain shares deepened and as investors digested mixed domestic inflation data, leaving the blue-chip benchmark hovering near a one-year low. The CSI300 Index dropped 0.3% by the lunch break, while the Shanghai Composite Index was flat. Hong Kong’s benchmark Hang Seng edged up 0.2%. Chinese producer prices rose at their fastest pace in more than four years in September, while consumer inflation came in below expectations. Pricier oil and commodities lifted factory-gate costs even as weak domestic demand kept broader...
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