The Chinese equities benchmark is shaping up for a technical correction as the tech-fueled rally has lost momentum. Underlying the pullback are mounting concerns about economic deceleration and the absence of robust stimulus policies to support market sentiment. This slowdown in the tech sector, which had been the primary driver of recent gains, reflects broader anxieties about growth prospects. Without meaningful policy interventions to shore up confidence, market participants are bracing for further consolidation. The combination of fading momentum and policy uncertainty is creating headwinds for risk assets, signaling potential downside pressure in the near term.