Stories
Chinese Stocks Become Worst Losers as Global AI Boom Falters
M
Moneycontrol•17-10-2026, 06:58
Chinese Stocks Become Worst Losers as Global AI Boom Falters
- •The Nasdaq-style Star50 Index tumbled nearly 40% in the current half year, becoming the world's worst-performing major tech gauge.
- •Major chipmakers MetaX Integrated Circuits Shanghai Co. and Moore Threads Technology Co. have both shed around half of their value.
- •Foreign outflows from Chinese local stocks via the Hong Kong trading link totaled an estimated 90 billion yuan in the third quarter.
- •The tech slump threatens Beijing's ambitions to use capital markets and equity financing to supercharge its technological supremacy.
- •Financial regulators recently held a meeting to discuss stabilization measures and called on state-backed funds to accelerate stock purchases.
Key Questions Answered
The Nasdaq-style Star50 Index has tumbled nearly 40% in the current half year, making it the world's worst-performing major tech gauge.
Outflows from the Hong Kong trading link hit an estimated 90 billion yuan ($13.5 billion) in the third quarter as sentiment abruptly turned and high sector valuations became a liability following a global AI-hardware selloff.
Major chipmakers MetaX Integrated Circuits Shanghai Co. and Moore Threads Technology Co. have both shed around half of their value during this period.
