China tech stocks cap best winning run in five years on earnings surprises, fund rotation

By Jiaxing Li

Hong Kong (Reuters) – Chinese technological shares, which have been listed on Friday, on Friday, since 2020, as unexpected and optimistic about the artificial intelligence sphere.

Hang Seng Tech Index closed 6.5%, his best daily profit since October to reach his highest in three years.

It was once a week more than 6% more than 6% in the next sixth week, the longest winning layer from 20 May 2020.

Hong Kong Benmark Hang Seng Index progressed 4% to three years of high levels.

Ali bandaghaba was increased by 14.6%, the Chinese e-commerce giant than expected income and said that it plans to invest more in e-commerce and AI.

After the quarterly results, Lenovo progressed by more than 15%, and after the quarterly results, densely estimates, and Xiaomi increased 5.2%.

Chinese technology shares have been taught last month since the launch of the AI ​​model Deepseek, which was the interest of global investors towards China and measures measures due to relatively cheap assessments.

Investors bet the rare meeting of President Si Jin with the largest business leaders, including Alibaba’s founding Jack, can announce politics on the field for years.

“There are more to be evaluated to narrow up the discounted markets,” said HSBC analysts, citing the return of foreign investment in the last two weeks.

Friday offshore shares also came out with BlueChip CSI 300 index by adding 1.3% and Shanghai composite index by rising 0.9%. The two benchmarks are at the end of December.

China’s technological rally has helped to increase more than $ 1.3 trillion in just one month, and the imports of offshore capital flows from India and China, – says that Chinese companies quickly catch Global AI Frenzy after missing.

(Report on JIAXING LI in Hong Kong; editing, Sonal Paul and Jan Antikraman)