Business · Markets · 3 hrs ago

Chinese Stocks Lead Losses as Global AI Trade Falters

Chinese Stocks Lead Losses as Global AI Trade Falters

Chinese companies have emerged as the biggest losers as the global AI trade falters.

The setback affects Beijing’s effort to use stock markets to support its ambitions in technology.

The AI trade refers here to investment linked to artificial intelligence.

The weakening global AI trade is hurting Chinese stocks more than those of other markets, according to the account.

That creates a challenge for Beijing’s push for technological supremacy.

The stock-market setback complicates that technology push.

The account gives no details on what may happen next.

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BloombergArticle
Chinese firms have emerged as the biggest losers of the faltering global AI trade, a setback for Beijing’s efforts to use stock markets to supercharge its ambition of technological supremacy.
via Bloomberg