Chinese Stocks’ Final-Hour Slide Shows Reliance on National Team - Bloomberg.com — SkimNews
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- Chinese stocks fell in the final hour of trading, a move that showed the market’s reliance on the national team.
- China stepped in to rescue stocks, but the market continued to fall; related coverage called the AI bubble already burst and said AI hardware firms faced an earnings test after the selloff.
Why it matters: China’s market rescue did not halt the final-hour decline, leaving the national team as the market’s central support mechanism. For China’s AI hardware firms, the selloff adds an earnings test, giving investors a concrete operating checkpoint alongside the final-hour price move.
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