What’s going on in China? Is the stock market about to collapse?

While domestic equities have certainly seen better days , true drama is unfolding in China, whose stock market is now on track for 11 straight red weeks, its longest losing streak in history. Artificial intelligence ( AI ) and chip stocks have led the decline, with chipmakers MetaX and Moore Threads each losing roughly half their market value, while the technology-heavy ChiNext Index has dropped about 36%. The CSI 300 Index, which tracks the performance of the top 300 stocks traded on the Shanghai and Shenzhen stock exchanges, fell approximately 3.4% last week alone, now sitting at 4,036 points, around 20% below its June high of 5,059. Total losses since June now stand at $1.75 trillion.

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