China stocks slide as AI selloff hammers chip supply chain
China's stock market declined on Monday due to a global downturn in AI-related shares, except for Hong Kong's internet platforms, which saw a boost led by Alibaba.
- Country:
- China
China stocks fell on Monday as a global rout in artificial intelligence-related shares dragged down semiconductor stocks, while Hong Kong's internet platforms bucked the trend, led by a jump in Alibaba after it released its latest AI model.
ALSO READ
-
ANALYSIS-Big investors think it might be time to buy in South Korea
-
Alibaba unveils its most capable AI model to date, not far behind Moonshot's in size
-
ANALYSIS-China draws 'red lines' around its economic model ahead of EU, US trade talks
-
Geely Automobile announces unaudited July sales up 5% year on year
-
China's central bank pledges timely policy tool adjustment
Google News