Cheung Siu-chung: China Life and ChiNext on the Mainland Fall in Tandem

China Life and the mainland ChiNext fell in tandem. The Hang Seng Index fell 24 points last week, far outperforming the Japanese, South Korean and Taiwanese markets and US stocks, having recently withstood the impact of a crash-style slump in A-shares. Market focus remains on AI concept stocks and on when A-shares will stop falling, while the Philadelphia Semiconductor Index is moving ever closer to the low it recorded in July; meanwhile, the central government is reported to have begun window guidance to ban selling.