China's AI Stock Bubble Bursts, STAR50 Index Drops 40%
China's AI and semiconductor stocks have crashed, with the STAR50 index falling 40% in under four months, wiping out $480 billion in market value. This collapse follows concerns over AI demand and export restrictions, halting a two-year rally and Beijing's efforts to create a stable 'slow bull' market. The broader blue-chip index also dropped 20% since June highs.
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