Japan
China's 'national team' comes to rescue as stocks flash bearish signs
Nikkei Asia
An electronic board in Shanghai's Lujiazui financial district shows Shanghai and Shenzhen stock prices. Intense competition in China's industrial sectors and weak domestic demand are sapping the value of Chinese stocks. © Reuters
HONG KONG/SHANGHAI -- China's state-owned investment funds intervened in the stock market on Friday, analysts said, after shares slid into bear territory as investors increasingly question whether the country's much-hyped artificial intelligence sector can justify lofty valuations and offset broader economic troubles.
Original Headline
China's 'national team' comes to rescue as stocks flash bearish signs