China blue-chip index confirms bear market as AI stocks slump
China's CSI300 Index fell by 1.8% to reach a 15-month low, confirming a bear market status. The Shanghai Composite Index similarly decreased by 1.5%, reflecting similar investor concerns. A significant selloff in tech shares contributed to the market decline, highlighting the impact of tepid stimulus expectations. In Hong Kong, the Hang Seng Index also fell by 3%, driven by tax liabilities affecting local companies.
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