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China fund managers stick with AI, chips in August despite July sell-off, survey finds

Despite July’s sharp sell-off in global semiconductor shares, driven by concerns over AI-linked profitability, artificial intelligence and chips remained China’s most preferred investment themes in August, while more investors moved to hedge tech exposure, according to a survey by BofA Global Research. The findings come from the August edition of the Asia Fund Manager Survey, for which Bank of America’s researchers polled 98 participants across the region from August 7 to 13. The respondents...