
Asian markets exhibited a positive trend, buoyed by a rally on Wall Street and optimistic economic data from the U.S. The Hang Seng Index in Hong Kong surged 595 points, or 2.46%, closing at 24,740.57, marking a three-year high. The Hang Seng China Enterprises Index also rose by 249.35 points, or 2.79%, to finish at 9,177.80. Notable performers included Dobot, which increased nearly 30%, and Midea Group and Wuxi AppTec, both of which rose over 10%. The positive momentum was attributed to a combination of Chinese stimulus measures and advancements in the tech sector, particularly driven by AI developments. In Japan, the Nikkei 225 gained 1.3%, while the ASX 200 in Australia rose by 0.7%. The overall sentiment in the Asia-Pacific region reflects a recovery from previous market volatility, with investors responding favorably to recent data that alleviated recession fears.
🔔🇭🇰AT OPEN, XIAOMI FALLS OVER 1% POST-EARNINGS, BEKE DROPS NEARLY 9%. TENCENT MUSIC SURGES NEARLY 14% POST-EARNINGS. HONG KONG'S HANG SENG INDEX OPENED DOWN 42.94 POINTS, OR 0.17%, AT 24697.63. HANG SENG CHINA ENTERPRISES INDEX OPENED DOWN 36.59 POINTS, OR 0.4%, AT 9141.21.…
DeepSeek may have jolted Wall Street and Silicon Valley into reconsidering their AI investment strategies, but the startup's sudden rise has yet to spur venture capital activity in China. https://t.co/znLHnMpSfl https://t.co/RLNrgudNzd
DeepSeek has 130 employees and has not raised any outside funding. 💰 This independence is now facing new government scrutiny. More on DeepSeek's unique position: https://t.co/NR70Z4ri5P #ChinaTech








