China’s STAR Index Has Fallen 40% in Less Than Four Months
China’s STAR index, made up of AI and semiconductor leaders, has fallen 40% in less than four months as valuations faced worries about AI demand and Chinese export curbs.
While global tech stocks teeter, in China they have already crashed as lofty valuations collapse under worries about AI demand and curbs on Chinese exports.The meltdown, tanking the mainland STAR50 index SSE:000688 of AI and semiconductor leaders by 40% in less than four months and vaporising some…