China's Star 50 index of AI and chip leaders is down by 40% in under four months, losing ~$480B in market value; chipmaker CXMT is down ~25% in the past month (Reuters)

Key sources

1. SOURCE@reuters · Oct 26, 7:20 PM · “In China, the AI bubble has already burst” · x.com
2. SUPPORT@business · Oct 27, 4:40 PM · “Chinese stocks extended their slide in the final hour of trading as investors disappointed by a lack of national team buying dumped shares” · x.com
3. SUPPORT@business · Oct 26, 11:45 AM · “China’s state-led funds stepped into the market with the heaviest buying since the April 2025 rout” · x.com
4. SUPPORT@ericbalchunas · Oct 22, 7:21 PM · “China's gov't has been buying $2.5b/day in equity ETFs since July to try and prop up market after AI slump” · x.com
5. SUPPORT@visegrad24 · Oct 26, 11:08 PM · “The correction has wiped out roughly $480 billion in market value” · x.com
6. SUPPORT@solidintel_x · Oct 27, 3:12 PM · “China's STAR50 index has fallen 40% in under four months, wiping out about $480 billion” · x.com
7. SUPPORT@kyleichan · Oct 27, 1:21 AM · “These are mostly semiconductor-related companies, like SMIC and Cambricon, and not Alibaba, Tencent, BYD, etc.” · x.com
8. SUPPORT@niubi · Oct 22, 8:35 PM · “Chinese stocks have now traded red for 11 consecutive weeks, its longest losing streak in history” · x.com