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South Korean investors pour millions into MiniMax, other Chinese AI and chip stocks

Despite a sizzling home market, the country’s investors are stepping up buying on the Hong Kong and mainland exchanges this year

This year’s buying has been heavily concentrated in AI and semiconductor names.

On mainland exchanges, semiconductor equipment maker Naura Technology was the top pick, drawing US$3.5 million in net buying.

“I’m betting shares in this Chinese version of OpenAI will skyrocket,” said Roy Lee, a South Korean retail investor who recently bought MiniMax and holds more than 20 technology stocks globally.

Read original at South China Morning Post

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