Reported 2 days ago
Chinese technology stocks have rallied significantly this year, gaining $439 billion, while US tech shares, notably the Magnificent Seven, have dropped about 10%. The equal-weighted basket of seven leading Chinese firms, including Alibaba and Tencent, has seen an over 40% increase. This shift in investor sentiment is fueled by a resurgence in China's AI capabilities and increased government support for tech companies, highlighting China's competitive market potential amid concerns over US stock valuations.
Source: YAHOO