Global Market: Chinese tech stocks surge as AI optimism returns, policy support lifts markets

Chinese technology stocks rallied sharply on Friday, mirroring global markets. Investors regained confidence as the artificial intelligence sell-off appeared to ease. Policy support for innovation boosted sentiment, though major indexes faced steep monthly declines. Factory activity unexpectedly slipped into contraction, reflecting weaker domestic demand. Trade discussions continued as leaders prepare for a potential September meeting.

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