Business & Finance
China Stocks Set for Bear Market as AI Trade, Policy Hopes Fade
Key Points
China Stocks Set for Bear Market as AI Trade, Policy Hopes Fade China’s mainland-listed shares are on track to enter a technical bear market as waning hopes for substantial stimulus, lackluster earnings and lingering jitters over the global artificial intelligence trade weigh on sentiment. The CSI 300 Index fell as much as 1.6% on Thursday, bringing its total losses from a high in June to around 20%. A gauge of major Chinese companies listed in Hong Kong dropped as much as 2.9%.
China Stocks Set for Bear Market as AI Trade, Policy Hopes Fade
China’s mainland-listed shares are on track to enter a technical bear market as waning hopes for substantial stimulus, lackluster earnings and lingering jitters over the global artificial intelligence trade weigh on sentiment.
The CSI 300 Index fell as much as 1.6% on Thursday, bringing its total losses from a high in June to around 20%. A gauge of major Chinese companies listed in Hong Kong dropped as much as 2.9%.