[Chip Stock Pullback Drags Down Asian Markets, Australian Stock Market Outperforms Against the Trend] Deep Tide TechFlow reports that on July 21, AI-driven trading has continued to disrupt Asian markets in recent months, while the Australian market has demonstrated stronger resilience. The Australian S&P/ASX200 Index is on track to outperform the MSCI Asia Pacific Index for the second consecutive month, marking the longest streak of outperformance since November 2024. Australia's limited exposure to chip manufacturers, once seen as a disadvantage during the AI rally, has now become a source of market resilience. As semiconductor stocks in markets like South Korea and Japan decline, this characteristic has helped the Australian stock market withstand market shocks. This shift also highlights that as market volatility intensifies, investors are becoming increasingly cautious about crowded AI trades and are beginning to rotate funds into other markets. (Jin10)