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China Sees Mixed Open Amid Tech Rally, US Import Probe Fears

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Chinese shares opened mixed on Thursday as the market struggled for direction amid a tech rally and concerns over U.S. actions on Chinese imports.

The Shanghai Composite Index, the main gauge of Chinese stocks, slipped 0.2% to 4,103.48. The Shenzhen Component Index rose 0.3% to 16,099.76.

Tech stocks continued to drive equities as countries with significant tech manufacturing are expected to benefit from an AI-linked tech export boom, S&P Global Ratings said. The benefits from the AI tech rally will counter the adverse effects from the energy shock in these economies.

Meanwhile, citing national security fears over Chinese dominance, U.S. Commerce Secretary Howard Lutnick said his department is probing state-subsidized robotics imports to the U.S., with strong action likely post-review, Politico reported.

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