China tech rout deepens as AI stock sell-off drags CSI 300 toward decade low
TL;DR
Chinese stocks are on track for their worst month in a decade as the CSI 300 falls about 8.6% this month amid a global tech sell-off that hits AI-data centre suppliers and chipmakers such as Innolight, Eoptolink and Cambricon, with CXMT’s IPO-era lift fading and Tencent and Alibaba delivering only modest moves.
- Chinese stocks on track for worst month in decade Financial Times
- Chinese Chip Stocks Plunge as Investors Rotate Away From Tech Bloomberg.com
- A-Share Market Review | After Testing Lows, Markets Rebounded and Losses Narrowed; Shanghai Composite Down 0.62% as Consumer Staples and Banks Outperformed Despite the Downturn Moomoo
- The Shangai Composite Index Closes 0.78% Lower TradingView
- High-flying technology sectors underwent a deep correction, prompting risk-averse capital to flow back into undervalued defensive sectors. 富途牛牛
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