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Shanghai Composite closed up 1% at 3,949.91; CSI300 up 0.7%; STAR50 up 0.3%. In Hong Kong, Hang Seng rose 1.2% and Hang Seng Tech 0.4%. Tech and property shares led, with gains after US-China talks in New York; US side proposed an AI safety notification mechanism for Sept 23-25.
Shanghai Composite index was up 0.6% at 3,933.37 points. China's blue-chip CSI300 index was up 0.4%. The start-up board ChiNext Composite index was higher by 0.9% and Shanghai's tech-focused STAR50 index was up 0.4%. The CSI AI Index added 1.1%. Tech shares gained after US Treasury Secretary Scott Bessent and Chinese V
Asian share markets edged higher as chipmakers benefited from AI demand, while oil prices eased on speculation of increased supply. The dollar dipped against the yen amid intervention concerns.
US Treasury Secretary Bessent on AI: We are finding US 'watermarks' on Chinese models
U.S. Treasury Secretary Bessent on AI: we are finding U.S. 'watermarks' on Chinese models -fox business network interview
US Treasury Secretary Bessent: We can sanction any open AI models if they do IP theft