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المشهد العربي
Chinese and HK stocks react to tech slump
Stock markets in China and Hong Kong experienced mixed performance, with shares in the technology and artificial intelligence sectors witnessing sharp declines. The CSI AI Index dropped by 1.5%, and the 5G telecommunications sector declined by 1.4%. Conversely, shares in the staples consumer sector rose by 0.9%, despite data indicating a slowdown in China's economic growth in the second half of the year. The US dollar remained stable against the yuan at 6.7421 yuan amid escalating geopolitical tensions in the Middle East.
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