China stocks shed $2.4 trillion since May as AI profit doubts mount
AI summary
Mainland Chinese stocks have lost roughly $2.4 trillion in value since May as investors grow skeptical that AI companies can convert hype into profit. U.S. restrictions and elevated U.S. interest rates are adding further pressure on the market. For crypto traders, the selloff signals risk-off sentiment toward AI-linked narratives and could weigh on tokens tied to Chinese AI and tech themes.
