# Energy Sector

Market Turbulence: China’s Tech-Heavy Indices Lead a Broad Sell-Off as AI Enthusiasm Wanes

China's tech-focused stock indices, including the ChiNext and STAR 50, plunged over 2% on April 2 as AI-related sectors underwent a sharp correction. Despite high trading volumes, defensive sectors like energy and pharmaceuticals were the only gainers in a market where over 4,300 stocks declined.