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China stocks slip, set for 12th straight weekly loss on AI-led selloff
SHANGHAI: China’s blue-chip shares edged lower on Friday and were headed for a 12th consecutive weekly loss, as a global selloff in AI stocks weighed on sentiment, though Hong Kong-listed internet companies bucked the trend. China’s blue-chip CSI300 Index dropped 0.4% to a one-year low by the lunch break, while the Shanghai Composite Index lost 0.3%. Hong Kong benchmark Hang Seng was up 1.6%. The CSI300 Index was down 0.9% for the week and 7.6% for the month, and on track for its biggest monthly loss since July. Over the last 12 weeks, it has lost 14%, the longest losing streak on record. The ...
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