Technology
China Tech ETF Sees Record Inflow Despite Global Chip Selloff
Key Points
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.