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المشهد العربي
Chinese stocks rise on tech gains
The Chinese stock market has experienced a noticeable rebound driven by its ability to offset losses in the real estate sector, which is going through its sixth crisis. The CSI 300 Real Estate Sub-Index fell by 4.7%, while the Hong Kong-listed Chinese companies index declined by 6.2%. At the same time, shares in the technology sectors rose to offset the declines in real estate, with the yuan stabilizing at 6.7216 against the dollar. These movements occurred amid regulatory measures from Beijing aimed at reducing developers’ reliance on advance payments from buyers, in an effort to boost confidence in the real estate market.
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