China stocks inch higher as strong GDP offsets weak AI mood
14 Articles
14 Articles
Uncertainty in the markets over the payback of investments in AI technology and related credit risks plunged shares of technology companies on Friday.
Investors doubt whether the revenues from artificial intelligence justify the investments. In addition, interest rate signals and the upcoming balance sheets of the US technology companies are the focus.
Today's Chinese equities ended up doing business on Monday, led by the banking sector, where powerful third-quarter economic growth data helped to dispel concerns about some AI supply chain companies, while Hong Kong's market closed because of an official holiday. A survey conducted by Reuters showed that China was going to keep its loan benchmark interest rates unchanged [...] China's rising shares in conjunction with Hong Kong's holiday writte…
The Asian exchanges closed without a single direction on Monday (19), amidst the volatility of technology actions and after China's growth data that came in line with the expected. The Nikkei index dropped 0.62% in Tokyo, to 64,916.70 points, pressed by large technology companies such as SoftBank (-2.0%) and Tokyo Electron (-2.6%), [...]
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