Several major Chinese brokerages are optimistic about the performance of domestic tech stocks (A-shares) in August, believing that the A-share market is currently undergoing an adjustment following an influx of investors into AI-related sectors, rather than a deleveraging shock as seen in the South Korean market. The second-largest brokerage by total assets pointed out that while some industries still face liquidity pressure, its impact on non-core AI stocks has largely subsided. Previously, the Kospi index fell by 22% over the past month and dropped more than 5% during Monday's Asian trading session.