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Tech shares drag China stocks lower as US yields rise
SHANGHAI: China stocks fell on Thursday as traders returning from a week-long holiday faced renewed geopolitical tensions, higher global yields, and a looming earnings season that threatens still-lofty valuations of Chinese tech shares. China’s stock benchmarks are now near where they were two years ago, when a stimulus bonanza from Beijing lit up share prices and boosted hopes for a slow bull - which is now limping in a three-month downtrend. The large-cap CSI300 Index lost 0.4% in morning trade. The index is struggling near a one-year low and is down roughly 15% from its June peak. The Shang...
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