STAR 50
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- STAR 50 drops 40%, erasing $480B in market value
Reuters reported that China's STAR 50 index, which contains AI and chip leaders, fell 40% in under four months, erasing about $480 billion in market value. Goldman Sachs data cited by 科技新報 said AI- and semiconductor-related stocks had accounted for 42% of market capitalization and 57% of trading volume in mainland and Hong Kong markets at peak enthusiasm. Reuters attributed the decline to concerns including inflated valuations, AI demand, taxes and restrictions affecting Chinese exports.
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