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Chinese technology hardware firms face a challenge to impress investors with their upcoming earnings reports after a brutal selloff in sector stocks
CHINESE TECHNOLOGY STOCKS DECLINE AS STAR 50 INDEX DROPS ROUGHLY 3%
Chinese technology hardware shares are on track for their poorest quarterly performance, following a brutal July selloff triggered by concerns over AI firms’ ability to justify stretched valuations and high spending
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Exclusive: Chinese technology company ByteDance is in talks with Shanghai-based Iluvatar CoreX to purchase AI chips for inference work and is also considering a similar deal with Baidu
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A dispute involving a Chinese technology firm at the center of a deal-rigging probe is pulling back the curtain on the sometimes murky details of dealmaking around Hong Kong initial public offerings
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Volkswagen turned to Chinese EV maker XPeng to help it catch up in the world's biggest car market. But after a weak start for their first joint model, the question is whether VW can turn Chinese technology into cars that local consumers want to buy
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Leverage is rapidly unwinding across Chinese stocks: Margin debt on the Shanghai and Shenzhen exchanges fell -2.8% on Friday, or -$11.7 billion, to $405 billion, the largest daily decline since January 2016. This also marks the 4th consecutive daily decrease, totaling -$36.9 billion. This comes as the Star 50 Index, which tracks Chinese technology stocks, plunged -7.1% on Friday, its 2nd-largest daily drop this year, while the CSI 300 fell -3.6%. Memory chip stocks were at the center of the selloff after attracting the highest levels of margin borrowing. As a result, their sharp selloff triggered margin calls, forcing investors to sell and accelerating the broader market decline. Chip stocks have become a global amplifier of market volatility.
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US bans imports of more Chinese technology goods
#ChinaIsCool# Feeling the heat? Chinese technology keeps you cool and comfortable in everyday life! #ChinaTech#