China's mainland stocks traded mixed on Monday as AI and semiconductor shares fell, dragging the CSI AI Index down 1.2% and the STAR50 down 0.9%, even as banking stocks rose due to defensive buying. Hong Kong's Hang Seng gained 0.4%, but its AI sub-index dropped 2.4%, led by a 10.5% plunge in Z.AI after a discounted share placement.
China's mainland stocks traded mixed on Monday as AI and semiconductor shares fell, dragging the CSI AI Index down 1.2% and the STAR50 down 0.9%, even as banking stocks rose due to defensive buying. Hong Kong's Hang Seng gained 0.4%, but its AI sub-index dropped 2.4%, led by a 10.5% plunge in Z.AI after a discounted share placement.
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