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China stocks rebound as banks, AI firms shine

May 18, 2023
Source: devdiscourse.com devdiscourse.com
News Snapshot:
China stocks rebounded on Thursday following two sessions of declines, as investors snapped up banking and artificial intelligence (AI) shares after data showed the country's economic recovery was losing steam. ** China's blue-chip CSI300 Index rose 0.4% by the midday break, while the Shanghai Composite Index added 0.8% ** Hong Kong's benchmark Hang Seng Index gained 1.1%, while the Hang Seng China Enterprises Index advanced 1.4%. ** Other Asia-Pacific share indexes also rallied, following Wall Street's lead, and the dollar held just below a two-month high versus the yen amid signs the United States might be close to a deal...
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