On July 22, South Korean investors have recently been increasing their holdings in Chinese tech assets against the trend. Data shows that during the period from July 13 to July 19, South Korean funds made significant purchases of Chinese A-share tech stocks, with AI computing leader Cambricon ranking first among A-share stocks purchased by South Korean funds, with a net purchase of $2.8577 million in a single week. According to data from the SEIBro Securities Information Portal under the Korea Securities Depository, during the same period, core Chinese semiconductor companies such as SMIC, Montage Technology, Hua Hong Semiconductor, and AMEC also received net purchases of millions of dollars from South Korean funds. Looking at the past month (June 20 to July 20), Dongshan Precision ranked first in net purchases of A-shares by South Korean funds with $6.4571 million, while Cambricon accumulated net purchases of $3.1986 million. AI and semiconductor-related companies such as Sugon and Lion Microelectronics also saw increased holdings. In the Hong Kong stock market, South Korean investors concentrated their布局 in the Chinese tech industry chain through ETFs. In the past week, the Premia China Sci-Tech 50 ETF received net purchases of $3.1729 million, while the Global X China Semiconductor ETF saw net purchases of over $3 million; over the past month, the Global X China Semiconductor ETF accumulated net purchases of $15.9148 million. Data shows that in the first half of 2026, South Korean investors accumulated net purchases of Chinese assets worth $2.819 billion through stocks and ETFs, with A-share net purchases of $678 million, a year-on-year increase of 130.55%. AI industry chain links such as semiconductor equipment, AI servers, and PCBs became the main configuration directions. In the Hong Kong stock market, SMIC became the most targeted asset by South Korean funds in the first half of the year, with net purchases of $85.46 million, followed by Chinese AI large model company MiniMax and Alibaba, ranking second and third in purchase amounts. The accelerated flow of South Korean funds into Chinese tech assets is mainly influenced by volatility in the South Korean market. In the first half of this year, the South Korean KOSPI index once rose by over 100%, with AI memory leaders such as Samsung Electronics and SK Hynix seeing significant increases. However, since July, the South Korean stock market has quickly corrected, with the KOSPI index falling from a historical high of 9,385 points to around 6,820 points, a drop of over 27%, and the stock prices of the two chip giants have fallen by more than 30% in the past month. Meanwhile, international institutions have recently begun to increase their attention on China's AI industry chain. In July, Goldman Sachs issued a report recommending that investors reduce holdings in South Korean AI-related assets and shift allocations to the Chinese AI value chain, believing that China's AI industry has room for valuation recovery driven by policy support, export growth, and domestic substitution.