0938 GMT - Chinese government-linked funds' large-scale equity purchases should help bolster investor sentiment, Julius Baer analysts Eric Mak and Richard Tang say. The intervention by the funds, commonly known as the "national team," underscores policymakers' commitment to stabilizing markets and supporting strategic technology sectors amid recent volatility driven by a global equity selloff and concerns over domestic liquidity. While the "national team" has intervened in markets before, the analysts say this round differs in its focus on chip makers, artificial-intelligence and technology hardware stocks, rather than large-cap financials and state-owned enterprises. Julius Baer remains bullish on the long-term outlook of China's AI sector.(jason.chau@wsj.com)
(END) Dow Jones Newswires
July 22, 2026 05:38 ET (09:38 GMT)
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