For Jason Wang, a media operator based in Zhengzhou in central China’s Henan province, switching his long-held investment strategy of buying gold to tech-themed funds was a bittersweet decision.
The 28-year-old retail investor, who has no idea about tech company fundamentals, started buying tech funds – focused on China’s semiconductors, robotics and similar sectors – at the end of last year amid a bull run that lasted until the middle of this year.
Watching returns on his semiconductor funds surge to a peak of 170 per cent before plunging to just over 10 per cent recently has been an emotional roller coaster.
