Global Market: China stocks extend losing streak to 12 weeks as global AI selloff hits tech shares

China's CSI300 index has now lost value for 12 consecutive weeks, reaching a one-year low. This decline is largely due to a global sell-off in AI stocks, which has negatively impacted technology shares. The CSI300 is down 14% over the past 12 weeks, and is on track for its worst monthly decline since July, indicating a significant downturn in China's technology sector. This decline is concerning for markets, as it suggests a potential slowdown in China's economy.

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China's tech shares are falling due to a global AI selloff. This could lead to a decrease in investor sentiment and a decline in the overall market.

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