China stocks slide as tech selloff deepens despite Fed rate pause

Chinese stocks fell on Thursday as a deepening selloff in technology and AI-related shares overshadowed the US Federal Reserve's decision to keep interest rates unchanged, with the Shanghai Composite down 0.9% and the CSI300 dropping 1.2%. The tech-focused STAR50 Index tumbled 4.2%, and the CSI 5G Communications Index plunged 6.1%. Robot maker Yushu Technology slumped 4.3% after its third-quarter net profit declined despite revenue rising 70%, marking its first earnings report since listing. UBS analysts noted AI hardware valuations approached historical lows amid fragile investor sentiment, though interest could return by year-end. Across Asia, markets gave up gains as AI earnings triggered mixed reactions ahead of Amazon and Intel results, while the Fed delayed borrowing cost changes pending further inflation data.