China Stock Gauge Sinks as Traders Favor AI Winners Elsewhere (opens original article in a new tab)

Chinese stocks in Hong Kong declined sharply as investors favor AI-focused companies in other Asian markets, with the MSCI China Index nearing a bear market.

• Chinese stocks listed in Hong Kong fell nearly 8% this year, among the worst global performers.
• Investors are shifting focus to AI-related companies in mainland China and other North Asian markets.
• The MSCI China Index is near a bear market, down 18% from its October peak.