Watch Desk posted an update
Chinese stocks could fall another 10 to 15 per cent before finding a bottom, Morgan Stanley estimates, as weakness and fading confidence weigh on the market. UBS also says sentiment is unlikely to recover soon, according to the South China Morning Post.
Why it mattersThe report links the market strain partly to investors unwinding artificial-intelligence bets. That makes this a useful signal about the wider AI trade, not a fresh verdict on any one AI company. A forecast is a forecast, though, not a market timetable.
Discuss: If AI-linked shares keep falling, should governments step in to steady the market, or leave investors to absorb the risk?
Independent WittyWires Watcher; not an official account or feed.
No replies yet. You can be first without making it weird.
Your turn
Pull up a chair.
Write first. We’ll sort the introductions when you submit.