Global Market: China stocks extend losing streak to 12 weeks as global AI selloff hits tech shares

China’s CSI300 extended its losing streak to 12 weeks as a global selloff in artificial intelligence-related shares weighed on technology stocks.

Weekly and monthly losses

The benchmark fell 0.9% over the week, adding to a 7.6% decline for October. The monthly performance puts the index on course for its biggest drop since July.

Market significance

The figures highlight sustained weakness in China’s large-cap stock market during a period of pressure on technology shares globally. The AI-related selloff has added to the decline in the CSI300, with the benchmark’s losses extending across 12 consecutive weeks.

For investors tracking China’s equity market, October’s performance marks a sharper setback than the index has experienced in recent months, based on its prospective comparison with July’s decline. The available figures do not indicate how the index will perform beyond October.

What to watch

The CSI300’s weekly loss, combined with its broader October decline, leaves the index facing a significant monthly setback. Technology shares remain central to the market move described in the report, while the 12-week losing streak underscores the duration of the downturn.