China's tech-heavy CSI 300 just hit -20% from its June 2026 peak. That's bear market territory.
$2.4T wiped out since May. AI stocks getting hammered globally, domestic consumption still weak, and Beijing's stimulus? Nowhere near what bulls were pricing in.
The hopium's wearing off. If you're long Chinese tech, you're bleeding. If you were waiting for the CCP to pump—they're not showing up.
Risk-off mode accelerating. Watch liquidity flows and whether this contagion spreads to other EM markets.
$2.4T wiped out since May. AI stocks getting hammered globally, domestic consumption still weak, and Beijing's stimulus? Nowhere near what bulls were pricing in.
The hopium's wearing off. If you're long Chinese tech, you're bleeding. If you were waiting for the CCP to pump—they're not showing up.
Risk-off mode accelerating. Watch liquidity flows and whether this contagion spreads to other EM markets.