Chinese Stocks Rally on Growing Tech Bets, Defying Global Selloff

Chinese stocks defied a pullback in global markets Wednesday, as optimism about Beijing’s stronger push to achieve technology self-reliance eclipsed concerns over rising geopolitical uncertainties.

The Nasdaq-style STAR 50 Index jumped 3.5% to the highest level since October. The broader onshore benchmark CSI 300 ended the day slightly higher.