Since buying stock in China’s robotics firms over the last year – companies emerging as global industry leaders – David Choi, a South Korean investor in his early 30s, has been riding a wave of strong gains.
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He is not alone. Many South Korean investors have begun exploring positions in Chinese equities, particularly in rapidly growing arenas like tech.
“Those who follow what’s going on in the tech industry already see how fast China has been developing on many fronts,” said Choi, who works in commerce and makes investments on the side.
His previous bets include gaming and new energy vehicles – gambles that have paid off – and he has since turned his focus to robotics, both the industrial and humanoid varieties.
Chinese stocks are enjoying a bull run, with the benchmark Shanghai composite index hitting a 10-year high and the total market value of A shares topping 100 trillion yuan (US$14 trillion) for the first time.
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The rally is pulling in investors from abroad; most notably, a surge of buying from South Korea has been observed.