South China Morning Post

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 intraday low of 1.58 per cent, according to Bloomberg, spurred by investor demand for safe-haven assets and.

By South China Morning Post

1 min read
AI bubble bursts, fifth plenum resolution, Singles’ Day
AI-generated illustration

Got news to share with the events industry?

Submit a press release or story tip and reach thousands of event professionals.

Get in touch→

More in Banking & Finance

Related Insights