Michael Burry (Trades, Portfolio), the investor known for betting against the U.S. housing market before the 2008 financial crisis, has recommended bargain hunting in Hong Kong after the market trailed major Asian and semiconductor benchmarks during the global artificial intelligence rally. Burry, founder of Scion Asset Management, said Hong Kong may offer inexpensive stocks that could perform well as momentum weakens in South Korea, Japan, and the iShares Semiconductor ETF 
SOXX. The comments came after Burry disclosed earlier this month that he had purchased additional shares of JD.com Inc. 
JD, a Chinese e-commerce company.
Burry’s view comes as a global selloff in chip stocks intensifies amid rising concerns about whether artificial intelligence companies can monetize their technologies and support their elevated spending. The investor joins a growing group of market participants expressing optimism toward Hong Kong equities. Morgan Stanley, a financial services firm supporting Hong Kong stocks partly because of its earnings outlook, has also encouraged investors to consider the city’s equity market, suggesting that sentiment may be shifting toward cheaper opportunities after substantial gains in AI-related markets.
Hong Kong’s Hang Seng Index has declined 4.9% in 2026 as weak consumer spending and fading confidence in China’s e-commerce sector weighed on investor sentiment. In comparison, South Korea’s benchmark has surged 62%, supported by gains in the country’s two major chipmakers, while Japan’s Nikkei 225 Index has risen 26% since the beginning of the year. The iShares Semiconductor ETF has advanced 76%, highlighting the wide performance gap that Burry believes may create opportunities in Hong Kong if momentum begins to fade across some of the strongest AI-linked markets.