EconomyDeleveraging clouds China’s AI trade as US Treasury yields rise and inflation fears persist
Chinese leveraged traders are continuing to unwind stock bets, putting pressure on the artificial intelligence trade as rising global bond yields and a lingering oil shock fuel uncertainty. The balance of stocks purchased with borrowed money fell to 2.62 trillion yuan on Thursday, 13 per cent below the record 3.01 trillion yuan reached on June 25.
Deleveraging clouds China’s AI trade as US Treasury yields rise and inflation fears persist
Economy