BUSINESSSCMP WORLD
Chinese AI stock trade remains intact despite 10% correction from jumbo IPO, Fed jitters
Chinese AI stocks remain resilient despite a 10% decline in the Star Market 50 Index over two weeks, with analysts attributing the drop to short-term factors like investor profit-taking. Fund managers and brokerages such as HSBC Jintrust Fund Management and UBS Group suggest the long-term bull market for AI-driven technology is undisturbed.
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