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China halts IPOs as AI stock rout erases $480 billion

China halts IPOs as AI stock rout erases $480 billion

Photo: Cryptopolitan

Following a sharp fall in AI and chip stocks that has wiped about $480 billion off the STAR 50 index, China has reportedly stopped approving new share listings to calm its falling stock market. Everyday investors who bought into the two-year rally are feeling the pain, and global markets are watching to see if U.S....

Source: Cryptopolitan

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