Hong Kong stocks climb to four-year high on AI optimism, TikTok deal progress
Hong Kong stocks hit a four-year high, driven by tech companies. Confidence in China's AI and a potential TikTok deal boosted the market. Mainland Chinese stocks also saw gains. Tech giants like Baidu and Alibaba surged. Developments in China's AI infrastructure and new AI models are noteworthy. Alibaba and Baidu are using internally designed chips.
Hong Kong stocks hit a four-year high, driven by tech companies. Confidence in China's AI and a potential TikTok deal boosted the market. Mainland Chinese stocks also saw gains. Tech giants like Baidu and Alibaba surged. Developments in China's AI infrastructure and new AI models are noteworthy. Alibaba and Baidu are using internally designed chips.
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