Citigroup downgraded South Korea's stock market rating to "Neutral", while upgrading China to "Overweight".

TechFlow reports that on July 20, Citigroup downgraded its rating on the South Korean stock market from "overweight" to "tactical neutral", mainly due to recent significant volatility in chip stocks, prompting it to reduce exposure to the artificial intelligence theme.

Meanwhile, Citigroup still maintains a structural bullish view on the artificial intelligence theme and upgraded its rating on the China market to "overweight".