China stocks: China stocks close at one-year low as AI hardware rout deepens
The Star50 has fallen nearly 40% this year as foreign outflows and high valuations pressure AI-linked shares, analysts said.
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7 Articles
China stocks: China stocks close at one-year low as AI hardware rout deepens
The CSI300 Index closed 1.4% down, hitting its lowest level since August 2025 in late trade, while the Shanghai Composite Index fell 0.9%. Hong Kong's benchmark Hang Seng edged down 0.1%.
Global Market: China stocks slip as AI selloff deepens, mixed inflation data weighs
Chinese stocks edged lower as AI-related shares weakened and mixed inflation data heightened concerns over domestic demand. The CSI300 declined, while energy and consumer staples stocks advanced amid rising oil prices. Technology shares remained under pressure, and HSBC cut year-end targets for major Chinese indexes, reflecting persistent market uncertainty.
As the global investment boom in artificial intelligence (AI) cools down, Chinese companies have become the biggest losers. This has also thwarted the Chinese Communist Party's ambition to accelerate its technological hegemony through the stock market.
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