Global AI trade revival brightens outlook for Chinese tech stocks after record sell-offs

The outlook for Chinese technology stocks has improved after a sharp monthly sell-off, as the global rebound in the artificial intelligence trade regains momentum, speculative positions are flushed out and falling oil prices ease fears of monetary tightening. The tech-heavy Star Market 50 Index, which features major chip manufacturing companies on the Shanghai Stock Exchange, is on track to close the week up by about 6 per cent. This partial recovery follows a 26 per cent slump in July, its...