China’s stocks slip as tech weakness overshadows Fed rate decision

China's Shanghai Composite Index lost 0.9% at the midday break. (Reuters pic)SHANGHAI: China stocks slipped on Thursday, as a deepening selloff in tech shares overshadowed the Federal Reserve's decision to keep interest rates unchanged.

At the midday break, the benchmark Shanghai Composite index lost 0.9%, while the blue-chip CSI300 index fell 1.2%.

Tech shares were among the main drags, with the start-up board ChiNext Composite index falling 3.6% and Shanghai's tech-focused STAR50 index tumbling 4.2%.

CSI 5G communications, a gauge that measures the industry, plunged 6.1% in morning deals.