AI bubble bursts, fifth plenum resolution, Singles’ Day
China’s stocks pared weekly gains and the benchmark 10-year bond hit a record low as the global artificial intelligence (AI) stock bubble burst following the US Democrats’ landslide win in midterm elections. The CSI 300 equity index fell 1.4 per cent, weighed down by AI-related shares. Hong Kong’s Hang Seng Index dropped 1.3 per cent. The yield on China’s 10-year sovereign bond touched an…
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