A growing interest in artificial intelligence (AI) has boosted optimism about cheap tech stocks from China, leading to a surge in the Hang Seng Tech Index. The index rose 2.9% on Friday, bringing its gains since a January low to over 20%. Key players including Xiaomi and Li Auto are among the main contributors to this growth, with many viewing these companies as beneficiaries of AI advancements. This trend has sparked calls from brokers for continued bullish bets on China’s tech shares.
Source: https://www.bloomberg.com/news/articles/2025-02-07/chinese-tech-stocks-near-technical-bull-market-on-deepseek-hype