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Chinese Biotech Overtakes AI as Emerging-Market Growth Trade

Bloomberg Technology Sunday 26 July 2026, 23:51 UTC By Srinivasan Sivabalan 1 min read
Key Points

Chinese Biotech Overtakes AI as Emerging-Market Growth Trade As the artificial-intelligence rally sputters in emerging markets, investors searching for high-growth alternatives are turning to Chinese biotech. Bloomberg’s EM technology index has tumbled into a bear market over the past month as SK Hynix Inc. and Samsung Electronics Co., the poster children of the AI boom, slumped 40% and 29%, respectively.

Chinese Biotech Overtakes AI as Emerging-Market Growth Trade As the artificial-intelligence rally sputters in emerging markets, investors searching for high-growth alternatives are turning to Chinese biotech. Bloomberg’s EM technology index has tumbled into a bear market over the past month as SK Hynix Inc. and Samsung Electronics Co., the poster children of the AI boom, slumped 40% and 29%, respectively. By contrast, at least 10 Chinese pharmaceutical stocks have posted double-digit gains, making healthcare the best-performing sector in Bloomberg’s emerging-market benchmark.
Chinese (ORG) Emerging-Market Growth Trade Chinese Biotech (ORG) Emerging-Market Growth Trade (ORG) Bloomberg (ORG) EM (ORG) SK Hynix Inc. (ORG) Samsung Electronics Co. (ORG)
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