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China stocks slip as tech weakness overshadows Fed rate decision
SHANGHAI: China stocks slipped on Thursday, as a deepening selloff in tech shares overshadowed the Federal Reserve’s decision to keep interest rates unchanged. At the midday break, the benchmark Shanghai Composite index lost 0.9%, while the blue-chip CSI300 index fell 1.2%. Tech shares were among the main drags, with the start-up board ChiNext Composite index falling 3.6% and Shanghai’s tech-focused STAR50 index tumbling 4.2%. CSI 5G communications, a gauge that measures the industry, plunged 6.1% in morning deals. Robot maker Yushu Technology, also known as Unitree, , slumped 4.3% after its t...
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