China’s Stocks Enter Bear Market as Selling Spreads Across Asia

China’s benchmark CSI 300 index entered a bear market on Thursday after declining for 10 straight weeks, according to LSEG data cited by CNBC. Bloomberg linked the drop to fading stimulus hopes, weak earnings and worries over the global artificial intelligence (AI) trade. Meanwhile, stock markets in South Korea, Japan and Taiwan also fell. China’s Stocks Slide Into Bear Market The CSI 300 stood at 4,060.19 at Thursday’s morning break, about 20% below its June peak. The index was also down 13.94% from its January 1 level. Follow us on X to get the latest news as it happens Despite the slide, policymakers have offered little new support so far. On Tuesday, China held its one-year loan prime rate (LPR) at 3.0% and the five-year LPR at 3.5%.

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