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 deleveraging shock seen in South Korea. “The liquidity pressure in some industries remains, but the...