China's stock market just entered a bear marketThe CSI 300 fell 1.8% Thursday to 4,036, its lowest close since July 2025…
China's stock market just entered a bear market
The CSI 300 fell 1.8% Thursday to 4,036, its lowest close since July 2025 and 20.2% below its June 22 peak, per ReutersIt has now fallen for 10 straight weeks, the longest losing streak since the index launched in 2005, and it is down again this weekAI and chip stocks led the selloff. The ChiNext Composite dropped 4.4%, the CSI Semiconductor index fell 3.6% and the CSI AI index lost 3.3%In Hong Kong, $Alibaba(BABA.US) dove more than 6% and Tencent $Tencent(TCEHY.US) slid 2.9%Stronger than expected Q3 GDP growth of 4.5% actually hurt, because it lowered hopes for more stimulus from BeijingRetail investors drive about 90% of daily trading in China, per HSBC, so when confidence cracks the selling feeds on itselfThe AI trade is wobbling here too, with Nasdaq 100 futures down 1.9% this morning. China's chip names ran first and are now falling hardest, which makes them a preview worth watching for what happens when AI hype meets soft earningsSource: StockMarket.News
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