AI leads ‘longest losing streak’ for Chinese stocks

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The Chinese stock market index CSI 300 lost 3.4% last week, marking its 10th consecutive weekly decline and its longest losing streak since its creation in 2005, with AI-related stocks leading the downturn. The STAR 50 index, heavily weighted toward AI companies, has shed 40% of its value since June 30. The CSI All Share Semiconductors index has plunged 45%. Foreign investors withdrew over $13 billion from mainland stocks via Hong Kong in the third quarter, the largest outflow in 12 months.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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