China’s bear-market rout deepens as growth concerns and AI sell-off spur caution

Chinese stocks extended their sell-off on Friday, pushing the benchmark CSI 300 Index deeper into bear-market territory, as waning hopes for fresh stimulus from Beijing and a global retreat from artificial intelligence-related trades rattled investor sentiment. The CSI 300 fell by as much as 2 per cent before trimming losses to trade 0.5 per cent lower at 4,014.60 by the midday break. Trading volumes in several major exchange-traded funds tracking the benchmark soared, implying possible...