Underperformance of tech stocks poses a challenge for authorities keen to use capital markets to fuel firms’ growth
Published Sat, Oct 17, 2026 · 12:11 PM
[BEIJING] Chinese firms have emerged as the biggest losers of the faltering global artificial intelligence trade, a setback for Beijing’s efforts to use stock markets to supercharge its ambition of technological supremacy.
The Nasdaq-style Star50 Index has tumbled nearly 40 per cent in the current half year, becoming the world’s worst-performing major tech gauge. Major chipmakers MetaX Integrated Circuits Shanghai and Moore Threads Technology have both shed around half of their value during this period.
The ChiNext index, similarly focused on hardware stocks, has lost 36 per…
