
Chinese stocks have entered a technical bull market, with significant gains across various indices and tech companies. The Hang Seng Index surged by 2.5% to close at 18,207.13, marking a 22% increase since January. The Hang Seng Tech Index rose by 4.45%, and the Hang Seng China Enterprises Index gained 2.6%. Notable tech firms like Tencent and Alibaba saw increases of 3.8% and 2.35%, respectively. SenseTime, an AI firm, jumped over 35% and reported a dramatic 170% rise in the last eight trading days, achieving its longest winning streak since listing. Additionally, the broader performance of Chinese stocks like the China Enterprises Index and tech-focused KWEB and FXI ETFs have shown robust gains, indicating a strong recovery and investor confidence in the sector.

$BABA +6.4%, $TCEHY +6.9%, $JD +11.5%, $PDD +10.5%… …uhoh, glitch in the Matrix?! https://t.co/sVcXtikQh2
Surveying the Battlefield We are accustomed to seeing stocks trade up after brief periods of being down. Today we saw a titanic move higher in China related stocks, with the $FXI up 5.6%. Leaders included $BABA $BILI $BEKE $NTES and many others. But China, like so many things in… https://t.co/0rsZc6F6lN
$KWEB up 20% in two weeks Options market getting super active across China tech lately