Story perspectives

China Stock Market Splits: AI Chips Surge, Consumer Shares Drop

7/6/2026

Summary

Story summary

China’s US$16 trillion stock market split as AI chip makers surged while consumer stocks fell.
Cambricon Technologies and Moore Threads Technology lifted the Star Market about 50 percent, whereas Kweichow Moutai and other liquor makers dropped at least 11 percent.
The CSI 300 consumer-sector fell roughly 20 percent since the start of the year as retail sales slipped 0.6 percent year-on-year in May, the first decline since Dec 2022, after weak stimulus.

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Story summary

China’s US$16 trillion stock market split as AI chip makers surged while consumer stocks fell.
Cambricon Technologies and Moore Threads Technology lifted the Star Market about 50 percent, whereas Kweichow Moutai and other liquor makers dropped at least 11 percent.
The CSI 300 consumer-sector fell roughly 20 percent since the start of the year as retail sales slipped 0.6 percent year-on-year in May, the first decline since Dec 2022, after weak stimulus.