Coronation Asset Management Ltd., a South African asset management company with a management scale of 47 billion dollars, has cut investment in chipmakers and increased the Indian market allocation ratio, as market expectations for artificial intelligence concept stocks have risen to a level that is almost impossible to surpass. The South African asset management company's $3.1 billion Global Emerging Markets Fund reduced the combined holdings of SK Hynix and TSMC from about 8% at the end of December last year to about 5% in the second quarter.

Coronation Asset Management Ltd., a South African asset management company with a management scale of 47 billion dollars, has cut investment in chipmakers and increased the Indian market allocation ratio, as market expectations for artificial intelligence concept stocks have risen to a level that is almost impossible to surpass. The South African asset management company's $3.1 billion Global Emerging Markets Fund reduced the combined holdings of SK Hynix and TSMC from about 8% at the end of December last year to about 5% in the second quarter.