# Chinese stock markets lose $2.4tn as AI race with the US weighs on tech shares

> Original title: Chinese markets lose trillions as race for AI supremacy with US takes its toll

- Source: The Guardian · AI
- Published: 2026-10-27T04:42:50.000Z
- Bad Influence: https://badinfluence.news/items/hz1zv9mal55kqqdqk4xu07f52
- Original: https://www.theguardian.com/world/2026/oct/27/chinese-markets-lose-trillions-ai-race-beijing

## Summary

China'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. Analysts cite thin profit margins, rising US rates, weak domestic demand and the threat of US technology bans as reasons for the sell-off.