China dividend stocks back in vogue as AI trade fizzles out and bond yields fall

Chinese investors have been seeking shelter in dividend stocks since a global rout on technology stocks, with a handful of old-economy companies beating chipmakers and artificial intelligence (AI) hardware manufacturers. The Shanghai Stock Exchange Dividend Index of 50 high-dividend stocks from the energy, banking and transport industries has risen 3.8 per cent this month, trouncing a 0.2 per cent gain in the chip-heavy Star Market 50 index. If the momentum holds up, it will extend the...