Chinese stock markets lose $2.4tn as AI race with the US weighs on tech shares
AIChina's STAR 50 Index has fallen 40% since June and the broader Chinese stock market has lost $2.4tn since May, according to Bloomberg. AI stocks make up over 40% of stock market value in China and Hong Kong, according to Goldman Sachs.
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The Guardian · AI · Amy Hawkins in Beijing · theguardian.comPublished · added here
Original title: Chinese markets lose trillions as race for AI supremacy with US takes its toll