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China's advancements in AI and improved relations with tech giants have led to a significant surge in Hong Kong's stock market, particularly in tech shares. The Hang Seng index has emerged as one of the best-performing markets globally, with a notable 31% increase in tech stocks since mid-January. This rally is characterized by speculative trading, as investors react to high-profile meetings between President Xi Jinping and tech leaders.
The excitement surrounding the AI startup DeepSeek, which offers a cost-effective AI model, has contributed to this market momentum. Alibaba's stock has been a standout performer, driven by news of an AI partnership with Apple and the symbolic return of founder Jack Ma. Despite the optimism, many investors remain cautious, recalling past disappointments in the Chinese market.
• DeepSeek's AI model is cheaper than U.S. competitors, driving market interest.
• Alibaba's stock surged due to an AI partnership with Apple and Jack Ma's return.
S. counterparts.
Investors are engaging in speculative trading based on high-profile meetings and AI advancements.
Alibaba's collaboration with Apple highlights the growing importance of AI in business strategies.
Alibaba's stock has surged due to its AI partnership with Apple and Jack Ma's re-emergence.
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South China Morning Post on MSN.com 7month
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