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China stocks rebound on tech rally, tracking Asian markets
HONG KONG: China and Hong Kong stocks rebounded on Wednesday, snapping a two-day losing streak, as gains in technology shares tracked a broader rally across Asian markets following chipmaker SK Hynix’s upbeat earnings. Both China’s blue-chip CSI300 Index and the Shanghai Composite Index climbed 0.7% by the lunch break. Hong Kong benchmark Hang Seng was up 0.4%, while Hang Seng Tech jumped 1.8%. SK Hynix’s better-than-expected earnings rekindled investor sentiment towards the AI-linked trade. The South Korean chipmaker reported a more than sevenfold rise in quarterly operating profit. In A-shar...
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