Report
China's STAR 50 index is reportedly down 40%, losing $480 billion in market value
One user says its firms are mostly semiconductor-related, citing SMIC and Cambricon rather than Alibaba, Tencent or BYD.
TLDR
A user says China's STAR 50 index of leading tech firms is down 40%, a $480 billion loss in market value. The user says its firms are mostly semiconductor-related, citing SMIC and Cambricon rather than Alibaba, Tencent or BYD. Separately, BRICSinfo attributes to Reuters a claim that China's AI bubble has “already burst.”
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