Thursday, 30 July 2026 · World
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EUROS The World Financial Report
Nº 19 Thursday, 30 July 2026 · World Edition
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Asia

Global Market: China, Hong Kong stocks slip as AI selloff hits chip shares; defensive sectors gain

Markets-Economic Times · 2h ago · 🇮🇳 India
Global Market: China, Hong Kong stocks slip as AI selloff hits chip shares; defensive sectors gain

China's equity markets tumbled on Thursday as a global selloff in AI-linked stocks triggered steep declines in semiconductor and optical transceiver shares. While technology stocks came under heavy pressure amid valuation concerns, investors shifted towards defensive sectors such as consumer staples, liquor producers and banks.

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