Julia Wong

Chinese tech valuations are low. The country is focusing on "Industrial Robotics" and a "whole economy approach" to AI rather than just consumer chatbots. While the U.S. worries about AI monetization in software, China is integrating AI into manufacturing (hard assets). This creates a productivity lift that is currently unpriced in the beaten-down valuations of Chinese tech giants. LONG. A contrarian value play on AI implementation in the industrial sector. Geopolitical sanctions (e.g., U.S. action against DeepSeek) or trade war escalation under the Trump administration.

KOSPI remains a headwind due to persistent high volatility and leverage overhang after the recent washout. Fundamentals have changed slightly, with more risk emerging looking towards 2027, making the market less positive than earlier this year.

Korean memory stocks (Samsung, SK hynix) are attractively priced with very strong earnings and a durable competitive advantage. The recent correction was needed and, if they fall further, would present a large buying opportunity because earnings are expected to stay strong.

Korean memory stocks (Samsung, SK hynix) are attractively priced with very strong earnings and a durable competitive advantage. The recent correction was needed and, if they fall further, would present a large buying opportunity because earnings are expected to stay strong.

Within the tech sector, hyperscalers and software have sold off heavily and are underappreciated. With the upcoming earnings season, the market may reassess these segments as some companies show better‑than‑expected revenue growth, making them attractive over the next one to two months despite macro uncertainty.

Investors have underappreciated that power is a real constraint for AI advancement. This is driving changes in how power is sourced and managed on/off the grid, creating opportunities in the industrial sector. Adding industrial equities is a better near‑term way to play the AI trade while lowering portfolio volatility.