JPMorgan Asset Management's Aisa Ogoshi believes Chinese tech stocks remain attractive despite market turmoil, calling them "alive and well." Ogoshi notes that the sector has faced challenges, but remains a key part of the Chinese economy and offers long-term growth potential. Despite the volatility, Ogoshi sees the sector as a good investment opportunity for the future.
Chinese tech stocks, despite facing challenges and market volatility, continue to be seen as attractive investment opportunities by industry experts. Aisa Ogoshi, APAC Equities Portfolio Manager at JPMorgan Asset Management, recently stated that Chinese tech stocks are "alive and well" and remain a key part of the Chinese economy, offering long-term growth potential [2].
Ogoshi's optimism is supported by the sector's resilience in the face of various challenges. For instance, the dwindling stockpile of Nvidia processors and tightening U.S. export controls have prompted major Chinese tech companies like Alibaba, Tencent, and Baidu to explore homegrown chips to meet domestic AI demand [1]. This shift underscores the sector's adaptability and innovation.
Moreover, the sector's long-term prospects are bolstered by significant advancements in biotechnology and drug development. Innovent Biologics, Inc., for example, has published groundbreaking clinical study results of mazdutide, a dual glucagon (GCG)/glucagon-like peptide-1 (GLP-1) receptor agonist, in The New England Journal of Medicine (NEJM). This study, the first of its kind to be published in NEJM, highlights China's growing capabilities in drug development and biotechnology innovation [3].
In conclusion, while market turmoil may present short-term challenges, the long-term prospects for Chinese tech stocks remain promising. The sector's adaptability, innovation, and strategic importance to the Chinese economy make it an attractive investment opportunity for the future.
References:
[1] https://www.marketscreener.com/quote/stock/NVIDIA-CORPORATION-57355629/news/Chinese-tech-companies-prepare-for-AI-future-without-Nvidia-FT-reports-50107473/
[2] https://www.marketscreener.com/news/latest/China-Tech-Alive-And-Well-JPMorgan-50114267/
[3] https://www.marketscreener.com/quote/stock/INNOVENT-BIOLOGICS-INC-49476402/news/Innovent-Biologics-Inc-Announces-Phase-3-Clinical-Study-of-Mazdutide-in-Chinese-Adults-with-Overwe-50065095/
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