TeamJayDay
China Market Is Crashing
🔹The selloff in China stocks is real, and the weakness in the $YINN is being driven by a broader unwind in Chinese technology stocks, macroeconomic pressure, and fading expectations for additional government stimulus. There are also some newer company-specific concerns adding to the pressure.
🔹China’s technology heavy STAR 50 index has fallen nearly 40% from its June peak, while the CSI 300 has suffered a 10 week losing streak. Investors are pulling back from expensive technology stocks as the global AI trade unwinds.
$SPY $QQQ $IWM $DIA
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