Reported about 13 hours ago
Chinese markets have shown resilience amidst global market fluctuations, driven by a wave of liquidity and a push from Beijing for domestic AI chip development, leading to significant gains in blue-chip stocks. Alibaba's shares soared nearly 19%, buoyed by optimism about its cloud services, while reports of AI firms opting for Chinese technology have stirred mixed reactions in neighboring markets. Observers are also watching legal challenges to U.S. tariffs, which could impact trade dynamics. Overall, the AI fever appears to be catalyzing growth and investment in China's financial landscape.
Source: YAHOO