In China, the AI bubble has already burst | Sellers are back in tech, while bear market grips Chi…


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Explore the latest developments concerning In China, the.

Sellers are back in tech, while bear market grips Chinese stocks

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Hello, this is Leonie Kidd with today's edition of Morning Squawk.

The pickup in volume during super early trading has been overwhelmingly to the downside. 

Futures are worse, Asia closed deep in the red, and Europe is also broadly lower.

Futures are steadily declining this morning, with chip stocks once again under pressure. 

The earnings handover from Wall Street was mixed, but investors seem more hung up on Tesla's disappointing forecasts than Meta's beat.    

Tesla round-up: Better-than-expected third-quarter results are failing to support Tesla shares, with the stock falling in premarket trading. Lower average car sales prices and a battery supply crunch weighed on revenues. 

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