US hedge funds cull tech, Chinese holdings as they build up stakes in chip sector

US hedge funds cull tech, Chinese holdings as they build up stakes in chip sector

FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration

The top U.S. investment firms have culled tech and Chinese holdings from portfolios during the last quarter and reallocated funds to the more promising chip sector, according to a Nikkei analysis.

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