Jul 29, 2026 – 3.52pmFor years investors have bemoaned Australia’s lack of exposure to the global artificial intelligence trade, which has been a key reason for the sharemarket’s lacklustre performance when compared with the United States or Asia.But what was once the ASX’s biggest weakness has suddenly turned into an advantage as cracks start to appear in the dazzling semiconductor trade unleashing a rotation of capital away from Asia’s booming tech sector and back into the local exchange.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
‘Wouldn’t be short for quids’: Investors return to ASX amid tech sell-off
The local sharemarket’s biggest weakness recently has been its lack of exposure to the global AI trade. But that has now turned into an advantage.
TL;DRAI
Capital rotates from Asia's semiconductor boom back to the ASX after years of underperformance, as global tech corrections accelerate. The shift signals AI/chip momentum deceleration and tactical opportunity for geographic diversification vs. US/APAC concentration.
99 words~1 min read
