Chinese profits rose 25.7%. The CSI 300 fell 9% and the Star 50 fell 29%

Profits at onshore-listed Chinese companies rose 25.7% in the three months to June, the fastest in nearly five years and heavily concentrated in AI-linked firms. The CSI 300 has fallen about 9% this quarter and the tech-heavy Star 50 has dropped 29%, as investors began treating AI spending as a cost rather than a promise. […]

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