News about economic stimulus

Chinese stocks fell for a second straight session on Thursday, with the Shanghai Composite closing down 55 points, or 1.48%, at 3,658.03 and nearing its yearly low. Tech shares led the decline: Alibaba fell about 5.5% in Hong Kong after the government called for stronger e-commerce quality control, and AI-related stocks such as MiniMax and Z.AI dropped sharply. The CSI 300 is about 20% below its June peak, close to bear-market territory, after battery maker CATL fell on weaker profit growth. Investors are growing doubtful of major Beijing stimulus as recent data show stable growth, while EU trade safeguards and Brent crude above $110 a barrel add pressure. Stocks fell across Asia too, with South Korea's KOSPI down more than 3.5% and Japan's Nikkei 225 down more than 2.6%.