Chinese Tech Index Hits 4 Year High with AI Driven Rally - Cryptopolitan

Chinese tech index hits 4 year high with AI driven rally - Cryptopolitan

Chinese technology shares rallied on Wednesday as renewed AI bets lifted a major Hong Kong index to a near four-year high. The Hang Seng Tech Index rose 4.2% to its strongest close since November 2021. Baidu Inc. led the advance with a 16% gain, while Alibaba Group Holding Ltd., Semiconductor Manufacturing International Corp., and JD.com Inc. also climbed sharply. The index has marked the 7th straight week in gains due to easing tensions between…

China's tech index rides AI wave to 4 year high

Chinese technology shares rallied on Wednesday as renewed AI bets lifted a major Hong Kong index to a near four-year high. The Hang Seng Tech Index rose 4.2% to its strongest close since November 2021. Baidu Inc. led the advance with a 16% gain, while Alibaba Group Holding Ltd ., Semiconductor Manuf...

The Hang Seng Tech Index, which tracks the top 30 Hong Kong-listed tech stocks, rose ~3.9% to its highest level since November 2021, amid renewed AI enthusiasm

Charlotte Yang / Bloomberg: The Hang Seng Tech Index, which tracks the top 30 Hong Kong-listed tech stocks, rose ~3.9% to its highest level since November 2021, amid renewed AI enthusiasm  —  A blistering rally in Chinese technology shares accelerated on Wednesday as renewed bets on artificial intelligence sent a key gauge to the highest in nearly four years.