China stocks close flat, energy gains offset small-cap losses
China stocks closed roughly flat on Wednesday, as gains in energy shares offset losses in small-cap shares, while the Hong Kong market was closed for a public holiday.
** China's blue-chip CSI300 Index closed up 0.05%, while the Shanghai Composite Index was down 0.01%.
** The CSI 2000 index, which tracks small-cap stocks, fell 2.3%, while energy shares added 1.3%.
** Chinese retail investors often favour small concept stocks, primarily for speculative purposes, attracted by potentially quick gains despite the risks involved.
** Some AI and e-commerce concept stocks fell sharply, with Hydsoft Technology down 10%, while bank stocks extended their rally.
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