technology shares

China’s stock market experienced a 7% decline in new A-share account openings in July, totaling 2.66 million, amid a global tech sell-off linked to artificial intelligence. Margin trading activity also slowed during the same period as investor appetite weakened following a strong first-half performance in technology shares.

China's stock traders reduced leveraged positions by 14% in July, contributing to a record sell-off in a major technology index and weakening Beijing's attempts to stabilize the equity market. Margin trading for stock purchases fell to 2.59 trillion yuan, down from 3.01 trillion yuan on June 25.

China’s Politburo meeting has sparked speculation about increased policy support for stock markets following ineffective state buying efforts and a significant decline in technology shares. The meeting, led by President Xi Jinping, pledged to strengthen resilience and confidence in capital markets.

Hong Kong-listed financial stocks are expected to post their largest monthly gain in nearly two years as investors shift toward banks and insurers amid declining interest in technology shares.

Emerging-market equities fell for a second day, with a weekly decline expected due to a technology sector selloff linked to concerns over stretched AI valuations. The decline triggered a selloff across Asia.

The Dow reached a record high, but technology shares declined as investors adopted a cautious stance ahead of the Federal Reserve's decision.