WHY CHINESE BROKERS FORECAST AN A-SHARE TECH AND CHIP REBOUND

Leading Chinese brokerages have expressed optimism for domestic tech shares traded in August, distinguishing them from the sharp sell-off that has rattled South Korean financial markets. Citic Securities said it believed mainland-traded shares – also known as A shares – had only undergone a correction after investors piled into artificial intelligence-related sectors, rather than suffering the…

News - South China Morning Post reports that leading Chinese brokerages have expressed optimism for domestic tech shares traded in August, distinguishing them from the sharp sell-off that has rattled South Korean financial markets.

The report adds: Citic Securities said it believed mainland-traded shares – also known as A shares – had only undergone a correction after investors piled into artificial intelligence-related sectors, rather than suffering the…

“The liquidity pressure in some industries remains, but the...

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