Australian superannuation fund UniSuper plans to buy tech stocks on dips, ignoring concerns about an AI bubble.
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Since October of last year, hedge funds have once again concentrated their buying on technology stocks.
According to a chart posted on X by financial analysis website Barchart, based on Odaily of America data, hedge funds' purchases of technology stocks last week reached their highest level since October of last year.
Analysis: South Korean stocks have plummeted more than 20% from their peak and are poised to enter a technical bear market.
PANews reported on July 8th that, according to Jinshi, the South Korean stock market continued its decline, with the KOSPI index falling by more than 6% intraday, accumulating a drop of over 20% since its June peak, poised to enter a technical bear market. Samsung Electronics and SK Hynix fell by approximately 7% and 5% respectively, as investors reassess the prospects for AI demand. South Korea has been the world's best-performing stock market this year, but its over-reliance on two chipmakers makes it particularly vulnerable to shifts in industry sentiment. Leveraged ETFs amplified two-way volatility, further exacerbating market fluctuations. Despite Samsung Electronics' quarterly profit surging 19-fold this week, chip stocks continued their decline, highlighting that traders are demanding more evidence to justify the exorbitant investments across the entire supply chain. Fidelity International portfolio manager Ian Samson stated, "The current increased volatility stems largely from fundamental uncertainty."
Jingce Electronics: Plans to acquire a portion of the equity of Shanghai Jingce and raise supporting funds; stock trading suspended.
According to Mars Finance, Jingce Electronics announced that it is planning to acquire a portion of the equity of its holding subsidiary, Shanghai Jingce Semiconductor Technology Co., Ltd., through a combination of share issuance, convertible bonds, and cash payment, and to raise supporting funds. This is expected to constitute a major asset restructuring and related-party transaction. Due to the uncertainty of the matter, the company's stock and convertible bonds (Jingce Convertible Bond 2) will be suspended from trading on July 9, 2026. The transaction plan is expected to be disclosed within 10 trading days.
The Hang Seng Index rose more than 3%, with chip and tech stocks performing strongly.
According to ChainCatcher, Gate market data shows that the Hang Seng Index rose by more than 3%, with chip and technology stocks leading the gains and showing strong performance.
Baidu's affiliated funds and others have invested in Mifeng Technology, a subsidiary of Zhiyuan Robotics.
According to Mars Finance, Tianyancha App shows that Shanghai Mifeng Embodied Intelligent Technology Co., Ltd. recently underwent industrial and commercial registration changes, adding Baidu's Sanya Baichuan Zhixin Private Equity Investment Fund Partnership (Limited Partnership), Shanghai Yunfeng Yaochi Investment Center (Limited Partnership), and Junpu Intelligent as shareholders. Simultaneously, its registered capital increased from 5 million RMB to approximately 5.288 million RMB. Established in February 2026, the company's legal representative is Yao Maoqing. Its business scope includes the research and development of intelligent robots; technical services, technical development, technical consulting, technical exchange, technology transfer, and technology promotion; artificial intelligence application software development; electronic product sales; and data processing and storage support services. Currently, it is jointly owned by Zhiyuan Innovation (Shanghai) Technology Co., Ltd., Shanghai Fenghe Ruili Technology Partnership (Limited Partnership), and the aforementioned new shareholders. Public information shows that Mifeng Technology is an embodied intelligent data platform company incubated by Zhiyuan Robotics, focusing on embodied intelligent data services.
AI PC concept stocks surged, with Hongxi Technology hitting the 30cm daily limit.
According to Mars Finance, stocks of AI server and switch computing hardware continued to be active, driving a surge in AI PC concept stocks. Hongxi Technology hit its 30% daily limit, Thunderobot Technology rose over 15%, and Huaqin Technology, Huwei Intelligent, Yidao Information, and Lianyun Technology followed suit. (Cailian Press)