China's STAR 50 index down 40%, wiping out $480B in market value
zacharynado · x · 2026-10-28
A Reuters piece argues the AI bubble in China has already burst: the STAR 50 index of leading Chinese tech firms is down 40%, erasing about $480 billion in market value. The index is dominated by semiconductor-related names like SMIC and Cambricon, rather than Alibaba, Tencent, or BYD.
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