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Chinese AI stocks reportedly plunge as the CSI 300 falls 20% from its peak
Coin Bureau claims mainland stocks lost $2.4 trillion since May and the STAR 50 fell 40% by late October.
TLDR
Coin Bureau links China's market downturn to AI stocks, saying the CSI 300 fell 20% from its peak. It says the STAR 50 traded near 250 times earnings at its peak before falling 40% by late October. The account also cites Morgan Stanley as seeing another 10–15% drop before a bottom.
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