{
  "id": 17187302,
  "title": "Chinese stocks set for 12th straight weekly loss on AI-led selloff",
  "url": "https://urgent.news/2026/10/30/chinese-stocks-set-for-12th-straight-weekly-loss-on-ai-led-selloff-17187302",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-30T05:12:59.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/30/chinese-set-for-12th-straight-weekly-loss-on-ai-led-selloff"
  },
  "original_language": "en",
  "account": "On Friday, China's blue-chip shares slipped, marking the start of a 12th consecutive weekly decline. The CSI300 Index, a key benchmark, plummeted to a one-year low, falling 0.4% and trailing a 7.6% monthly drop. The Shanghai Composite Index also fell 0.3%. In contrast, Hong Kong's Hang Seng Index rose 1.6%. The tech-focused STAR50 Index suffered a 1.8% decline. AI-related stocks were the main driver of the losses, with Alphabet, Amazon, and Intel all experiencing declines tied to their AI expenses. SK Hynix, a major memory chip producer, saw a drop of over 7%. A gauge tracking the 5G communications industry plunged as much as 6% in early trade. Eoptolink Tech, an optical module producer, saw its shares tumble nearly 8%, marking a 46% loss for the month. Despite these broad market declines, consumer staples rose 1%. Hong Kong tech stocks rebounded, up 1.4%, but remained near their lowest levels in two years. Analysts warn that some stocks are treating AI spending as a permanent earnings burden, assigning limited value to future cash flows or AI monetization success.",
  "summary": "AI-related shares led declines onshore, tracking overnight losses in New York and falls among their Asian peers.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}