Global Markets | China blue-chip index hits 4-year high as tech stocks surge
Chinese stocks surged to a four-year peak on Wednesday. Investors bought tech shares, driven by global artificial intelligence excitement. Domestic economic resilience also boosted sentiment. Services activity expanded faster in April. Huawei's AI chip revenue is expected to grow significantly. Energy stocks declined as Middle East tensions eased.
Chinese stocks surged to a four-year peak on Wednesday. Investors bought tech shares, driven by global artificial intelligence excitement. Domestic economic resilience also boosted sentiment. Services activity expanded faster in April. Huawei's AI chip revenue is expected to grow significantly. Energy stocks declined as Middle East tensions eased.
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