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Chinese chip stocks lingered near one-year lows on Wednesday despite Beijing’s recent efforts to bolster credit, mortgages, and investment. The CSI 300 index saw a slight 0.2% increase in morning trading but remained close to a one-year low hit earlier in the week. This quarter, the index is poised to drop by about 13%, marking its most substantial quarterly decline since the COVID-19 lockdowns in 2022. Similarly, the Shanghai Composite rose 0.3% at lunchtime but is heading for a quarterly dip of around 6.2%, its steepest fall in four years. Beijing’s Policy Measures Fail to Lift Sentiment On Tuesday, Beijing…
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