BREAKING: China’s stock market has officially entered BEAR MARKET, wiping out ¥12 TRILLION ($1.75T) since its June peak. The CSI 300, which tracks China’s 300 largest companies, has now crashed 20% from its June peak, officially putting the index in a bear market. The index is now trading at its lowest level in 15 months after falling for 10 straight weeks, its longest losing streak on record. Fading stimulus hopes, weak earnings and the global AI selloff are piling pressure on Chinese stocks. Retail investors drive ~90% of China’s daily trading, per HSBC, compared with ~20-25% on the NYSE, making sell-offs faster and sharper. State-backed funds have reportedly stepped in to support the market, but the selling continues. China’s AI trade is now taking a beating.