Global Market: Chinese tech stocks rebound as semiconductor rally lifts mainland markets

Chinese tech stocks rebounded sharply, with the STAR50 Index surging 7 percent after an early 3 percent drop, and the semiconductor sub-index climbing 8.9 percent. The Shanghai Composite rose 0.6 percent while the CSI300 gained 1.8 percent, supported by China's securities regulator pledging to maintain stable market operations. Analysts from UBS and Goldman Sachs expect accommodative policy signals from the upcoming Politburo meeting to support further gains in technology and AI-linked stocks.