A post by @WatcherGuru on X.
JUST IN: China's "STAR 50" tech stock index has now crashed 42% since reaching an all-time high…
@WatcherGuru on X
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China’s STAR 50 tech stock index has fallen 42% from its June all-time high, according to a Watcher.Guru post, extending a record 10 consecutive weekly declines—its longest and worst weekly losing streak in history. More than $480 billion in market capitalization has been erased over the period. The scale of the drawdown matters because STAR 50 is a key gauge of China’s hard-tech and semiconductor equities, and the sustained selloff signals broad de-rating rather than a single-sector wobble. Watchers will focus on whether the index can halt the weekly losing streak and on any policy response from Beijing aimed at stabilizing tech valuations.
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STAR 50, China, Watcher.Guru