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المشهد العربي
Chinese Tech Stocks Hit Weekly Low
Chinese stocks experienced a significant decline over the week, with the CSI Artificial Intelligence Index falling by 7.1%, hitting its lowest level in three months. Stocks of companies such as CXT and Giga Devices declined by up to 10%. This downturn is attributed to broad selling driven by risk reassessment related to the costs of AI infrastructure, amid anticipation of major corporate earnings reports and political meetings in China. Additionally, the US dollar stabilized against the yuan at 6.7693 yuan. Stock market indices showed mixed results: most declined, while the Hang Seng Index rose by 0.40%.
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