China's STAR50 index plunges 40% in four months, wiping out $480B in AI stock value
Kyrannio · x · 2026-10-28
Per a Reuters report, China's STAR50 index—home to several AI and semiconductor leaders—has fallen 40% in under four months, erasing roughly $480 billion in market value and ending a two-year rally in AI, chips, and robotics stocks.
The cited analysis attributes the correction to stretched valuations, doubts about real AI demand, and concerns over restrictions on Chinese tech exports. Many stocks had climbed so fast that prices assumed near-perfect outcomes, leaving little room for disappointment; the report notes no single trigger. The poster adds that Unitree-linked stocks were also halved and invites other takes.
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