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"For 5G, we understand that in order for people to feel confident to put the investment into 5G infrastructure in an industrial environment, they need to know it's going to work. And they need to have the evidence of how this is going to improve productivity for them. And today, we're beginning to start to see that evidence growing," Silver said.

"Foxconn has accumulated experience and strength in the assembly and manufacturing of electronic components and sophisticated instruments. Meanwhile, the semiconductor sector has a strong relevance with Foxconn's previous businesses," said James Yan, research director at Counterpoint Technology Market Research.

"Given the overall impact (of the epidemic) should be short-term, bottom fishing on oversold quality names makes sense," said Lynda Zhou, chief investment officer for equities in China at Fidelity International.

"Given the increasing complexity of global financial markets, it is important to guard against risks in cross-border capital flows. The general principle is to maintain a macroprudential policy while enhancing micro regulation," Li said.

"For the next stage, Shanghai will continue to pull strengths to develop six key industrial clusters, including autonomous driving, robots and smart chips, optimize industrial outlay throughout the city, and foster 20 leading enterprises to help the city join the global AI league by 2025," he said.