Global Market: China stocks rebound, but weekly loss looms as AI rally cools

China stocks rose on Friday, but major mainland benchmarks remained on track to end the week lower as momentum in artificial intelligence shares faded and concerns over elevated U.S. Treasury yields weighed on global risk sentiment.

The blue-chip CSI300 Index and the Shanghai Composite Index were both up 0.4% by the midday break. In Hong Kong, the Hang Seng Index advanced 2.1%.