Saturday, 15 February, 2025

DeepSeek's AI Breakthrough Propels Chinese Tech Stocks to Three-Year High

Chinese technology stocks have surged to their highest levels in three years, driven by DeepSeek's development of a cost-effective AI model and anticipated government support for the private sector. The Hang Seng China Enterprises Index jumped 4.1%, with significant gains in companies like Alibaba. This momentum reflects growing investor confidence in China's AI advancements and the potential for rapid adoption of these technologies across various industries.