【Monthly Market Strategy with Julius Bär】With Korean semiconductor stocks down nearly 50% from their June peak, has the AI correction finally run its course? Where could the next leg of the AI rally come from, and how are China’s cheaper AI models — including DeepSeek’s rumoured new release — reshaping the competitive landscape? 韩国半导体股自6月高位以来已回落近50%，AI板块回调是否已接近尾声？下一轮行情将由哪些领域推动？与此同时，低成本AI模型在中国持续发展，又将为全球AI的竞争格局带来什么变化？ 除AI主题外，市场亦聚焦价值股回归、中国经济增长预期、香港交易所推出五年期中国国债期货，以及黄金和白银强劲反弹等重要议题。 本期《市场透视》播客于2026年8月11日录制 ***2026.08.11录制。英文版并非中文版的英文翻译，有更多的细节讨论*** 节目播客链接：

❗️❗️ important notice❗️❗️ I'm very sorry to inform you all that due to months of intense work, my physical health and mental stress have reached their limits😢, so I've had to take a month off for recuperation, and I'll be back to member content again in September🙏🏻, thank you all for your support and love!🥰🥰💗💗 很抱歉的通知各位宝宝，因为连续几个月的高强度工作，导致我的身体健康和精神压力都已经到达了极限🤕，所以我不得不休息一个月进行调理，八月会员将会暂停，九月我会恢复更新会员内容，感谢宝宝们的支持和喜爱，期待状态更好的我回归吧～💗💗💗