While global tech stocks teeter, in China they have already crashed as lofty valuations collapse under worries about AI demand and curbs on Chinese exports.
China's broad blue-chip index has dropped about 20 percent from highs made in June.
Media reports argue that the AI bubble in China is already bursting, with AI stocks losing nearly half a trillion in the past few months.
China's STAR 50 index of AI and chip stocks fell 40% in under four months, erasing $480 billion amid demand and export-curb fears.
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