Macro· ★★★· bearish·

China's CSI 300 falls for 11th straight week as AI bubble fears hit risk assets

  • —CSI 300 has now fallen 11 weeks in a row, the longest losing streak on record, beating January 2012
  • —STAR 50 is down roughly 40% since late June; chipmakers MetaX and Moore Threads have roughly halved
  • —Foreign outflows from mainland stocks via Hong Kong topped $13 billion in Q3, the largest this year
  • —The sell-off has spread to exchanges in South Korea, Japan and Taiwan
Why it matters: Bitcoin still trades as a risk asset, so a deeper AI-led sell-off could drag BTC lower, though some fleeing capital may rotate into stablecoins.
Source: BeInCrypto RU