China stocks jump most in more than 2 months on chip shares' rally

China stocks saw significant gains with the Shanghai Composite up 1.75% and the CSI300 index rising 1.74%. Chip stocks led the gains, following the U.S. government's decision to restrict AI chip and technology exports to China. The Hang Seng Index in Hong Kong also climbed. Investors are awaiting further policy support from the People's Bank of China.