China Markets Reopen to Show If AI Buzz Outshines Soft Spending

China Markets Reopen to Show If AI Buzz Outshines Soft Spending

China’s markets reopen on Thursday after the Golden Week break with investors weighing whether renewed enthusiasm for artificial intelligence can outweigh signs of soft consumer spending.

Mainland Markets Reopen In Good Spirits, Reaching Decade High - China Last Night

Key News Asian equities mostly followed Wall Street higher overnight as Mainland China’s STAR Market and Korea outperformed, while the Philippines and Hong Kong’s Hang Seng Tech Index underperformed. Mainland China’s markets reopened for the first time since September 30th, concluding the “Golden Week” national holiday and catching up with gains offshore. Upon reopening, the Shanghai Composite climbed to its highest level in over a decade, led b…

China stocks rise post-break as AI buzz outshines tepid spending

Traders are now turning their attention to policy signals ahead of the Communist Party’s Oct 20 to 23 meeting, where the blueprint for the 15th five-year plan will be outlined

China markets reopen as AI optimism clashes with weak spending

China’s markets reopened after the Golden Week holiday, with investors weighing whether enthusiasm for artificial intelligence can offset signs of weakening consumer spending. Holiday data showed that households were tightening their belts, opting for cheaper road trips instead of flights, while box office revenues fell short of expectations. The spending pullback comes as demand for AI talent surges, propelling global tech stocks to record high…