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    OverviewAPI
    Chinese stock traders face concerns over US curbs on chip exports and tariffs as President Xi's meeting with Biden provides little solace. Alibaba's cloud unit plans are scrapped, leading to a significant drop in the Hang Seng Tech Index. The real estate sector remains a major concern, with a 8-year low in home prices. Foreign investors are offloading Chinese stocks, and Beijing needs to provide policy support to regain investor confidence.

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