Chinese Stocks Rally on Growing Tech Bets, Defying Global Selloff

In contrast, an Asian equities gauge dropped as much as 0.8%, after the S&P 500 suffered its steepest loss since October, following President Donald Trump’s threat to impose tariffs on European nations that rejected his proposal to purchase Greenland. Chinese markets have shown surprising resilience in the past year, with strong exports and policy support for advanced manufacturing and technologies cushioning the blow from tariff tensions. Across Asia, chip stocks were strong against the backdrop of higher memory prices, but the gains were more pronounced in China.