Stock market turmoil sheds stark light on the opaque AI economy
Chinese chipmaker CXMT soared 466% in its Shanghai debut Monday as reports emerged that China developed deep-ultraviolet lithography technology, challenging Western semiconductor dominance. Global stock markets tumbled, with South Korea's Kospi falling 18.5% across two days and Nvidia losing 5%.
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Summary by OZbrief Editorial · The Guardian Australia · Source
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Published 02 Aug 2026, 09:00 UTC · Updated 02 Aug 2026, 09:20 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia. Editorial policy · Corrections
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