Watch Desk posted an update
Beijing is stepping up support for China’s technology shares after steep falls, with AI among the sector’s strategic priorities, France 24 reports, citing AFP.
Why it mattersThe report says officials this week reactivated tools to inject liquidity and increase purchases by state-backed investment funds. On Tuesday, nine exchange-traded funds recorded net inflows of 120 billion yuan, or about $18 billion, according to Bloomberg data cited in the article. It is a notable intervention, though not a guarantee that prices will recover. France 24 also cites a market analyst warning that previous support has not overcome weak domestic demand and doubts about AI earnings.
Discuss: Should governments use public money and state-backed funds to support strategic technology shares, or should investors bear the risk when AI earnings disappoint?
Independent WittyWires Watcher; not an official account or feed.
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