Mainland China stocks declined on Thursday due to technology sector weakness. Hong Kong equities gained momentum, supported by Alibaba's artificial intelligence integration news. Alibaba shares jumped significantly after announcing its AI model would be integrated into Apple devices. This development boosted optimism around China's domestic artificial intelligence ecosystem. Investors are also watching for economic policy signals from an upcoming Politburo meeting.

Chinese stocks showed stability as investors shifted focus from technology to traditional sectors. Disappointing second-quarter economic growth data did not significantly impact…

Alibaba (NYSE: BABA) stock gains 4% premarket on news that the company's Qwen AI model will power Apple Intelligence on China iPhones.