Foxconn falls 7% after US patent probe; Luxshare off 2%
A China stock market crash did not materialise on Monday: the CSI 300 fell 0.2% near a one-year low after yields, tensions and US tech probes outweighed Beijing's support.
The CSI 300 lost 0.2% on Monday morning and sat near a one-year low, while the Shanghai Composite slipped 0.1%.
Hong Kong's Hang Seng rose 0.2%, with banks and biotech higher and chipmakers and AI shares lower.
Caitong Securities said the main anxiety is rising global yields, and warned of a possible debt crisis among the weakest euro zone governments.
A Saturday seminar by regulator Wu Qing and Friday draft rules to lower the threshold for equity mutual funds drew a muted reaction.
Foxconn fell as much as 7% and Luxshare 2% after US patent probes; an EU deal could cut Chinese hybrid-car exports to the bloc by more than half.