Checked reel · 28 Oct 2026
China's tech-heavy STAR50 index, which is loaded with AI and semiconductor stocks, plunged around 40 percent in under four months, erasing roughly 480 billion dollars in market value. The selloff happened after a massive speculative rally drove valuations sky-high. Retail investors rushed in, but the market turned as enthusiasm cooled over slow short-term profits and growing US export curbs on tech equipment.
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