Economics and capital · Public markets
China AI Stocks Lose Hundreds Of Billions
China’s STAR50 index fell 40%, erasing approximately $480 billion in market value from AI-related stocks.
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China's Star 50 index of AI and chip leaders is down by 40% in under four months, losing ~$480B in market value; chipmaker CXMT is down ~25% in the past month (Reuters)reuters.com, Oct 27China's AI stock bubble has burst, Reuters reports, as $480 billion vanishescryptobriefing.com, Oct 26China's AI Stock Rally Collapses as $480 Billion Evaporates - Startup Fortunestartupfortune.com, Oct 27China’s AI Stocks Have Lost 40 Percent in Four Months | Trending Topicstrendingtopics.eu, Oct 27China's Stock Market Has Lost $2.4 Trillion as Investors Doubt Its AI Boom Will Ever Pay Off - ChinaTechNews.comchinatechnews.com, Oct 27