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DevelopingBusiness

China's Star 50 AI and chip index is down 40% in under four months

Seoul Economic Daily reports the Shanghai Star 50 index fell 40% in under four months, erasing about $480B, closing at 1,315.50 on Oct. 26 per Reuters. It says CXMT is down over 25% in a month and Unitree has halved since its August debut. Goldman Sachs puts AI stocks at 42% of China's market cap.

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