TOKYO -- Ultrawealthy Asians are turning to Chinese stocks as they look to benefit from the artificial intelligence boom, while also seeking to profit from falling interest rates and the rally in gold, according to private bankers and wealth managers in the region.
Wealthy investors in Asia, sitting on piles of cash built up since the pandemic, are looking to hedge their bets, shifting their assets out of U.S. equities and into the Chinese stock market and gold. (Nikkei illustration)
Trading Asia
Wealthy Asians raise exposure to China, fixed-income, gold as trade war rages
Region is home to the world's second-largest group of ultrawealthy investors
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