AIUpdated Yesterday

Chinese AI shares fall on chip-export concerns

Chinese AI shares came under selling pressure on Friday, with investors concerned that the United States could tighten restrictions on exports of advanced chips. Asharq Al-Awsat’s November 13 market report said declines included Z.AI and MiniMax, amid concern following Nvidia CEO Jensen Huang’s resignation. The move was not broad-based: shares in local semiconductor companies rose, while the yuan edged higher against the dollar. By the midday break, the Shanghai Composite and CSI 300 were relatively stable, making for a mixed picture across Chinese markets.

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