ðŸ‡ðŸ‡° English, 30 October 2026, AI selloff
Global selloff in AI stocks weighs on sentiment in regional markets
Blue-chip shares on the mainland closed lower on Friday, booking their steepest monthly loss since early 2016.
The global selloff in AI stocks weighed on sentiment in regional markets, with blue-chip shares on the mainland closing lower on Friday and booking their steepest monthly loss since early 2016.
Shares in Google parent Alphabet, Amazon.com, and Intel all fell on AI cash burn, while memory chip giant SK Hynix fell more than seven percent.
AI-related shares led declines, with CSI 5G communications slumping 6.2 percent and Chinese optical module producer Eoptolink Tech tumbling 14 percent.