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China Tech ETF Sees Record Inflow Despite Global Chip Selloff

China Tech ETF Sees Record Inflow Despite Global Chip Selloff
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China Tech ETF Sees Record Inflow Despite Global Chip Selloff Chinese investors poured a record amount into an exchange-traded fund focusing on communication devices on Friday despite a global semiconductor selloff, underscoring resilient demand for the country’s hardware stocks. While the Guotai CSI All Share Communication Devices ETF fell 6.7% on Friday, it drew its largest ever inflow of 6 billion yuan ($882 million), according to Bloomberg-compiled data. The tech-heavy Star50 Index fell...

China Tech ETF Sees Record Inflow Despite Global Chip Selloff Chinese investors poured a record amount into an exchange-traded fund focusing on communication devices on Friday despite a global semiconductor selloff, underscoring resilient demand for the country’s hardware stocks. While the Guotai CSI All Share Communication Devices ETF fell 6.7% on Friday, it drew its largest ever inflow of 6 billion yuan ($882 million), according to Bloomberg-compiled data. The tech-heavy Star50 Index fell 1.6% on Friday before rebounding on Monday.
China Tech ETF (ORG) China Tech (ORG) Chinese (ORG) the Guotai CSI (PERSON) Share Communication Devices ETF (ORG) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →