China’s Stock Market Loses $2.4 Trillion as Investors Doubt AI Boom Will Pay Off
Key Highlights Artificial intelligence equities represent 42% of the total market value and 57% of daily trading across mainland Chinese and Hong Kong exchanges. Major indices have plunged, with the CSI 300 entering bear market territory and Shanghai’s STAR 50 index shedding 40%—wiping out roughly $480 billion in valuation. A combination of domestic consumer softness, ...