Chinese tech stocks extend rally on DeepSeek optimism, Xi meeting private leaders

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Chinese tech stocks extend rally on DeepSeek optimism, Xi meeting private leaders

^{Published on 2025-02-18 03:21:10 - Investing}

Investing.com-- Hong Kong-listed Chinese technology stocks extended their rally on Tuesday, buoyed by President Xi Jinping's meeting with private enterprise leaders and growing enthusiasm for artificial intelligence (AI) innovations, particularly surrounding DeepSeek.

Chinese technology stocks continued their upward trend, driven by optimism surrounding the potential of DeepSeek, a new AI model developed by a Chinese startup, and a meeting between President Xi Jinping and private sector leaders. The meeting, which focused on fostering a better business environment and supporting private enterprises, has instilled confidence in investors. DeepSeek, likened to Meta's Llama, has shown promising capabilities in understanding and generating human-like text, further fueling the rally in tech stocks. This positive sentiment was reflected in the performance of major indices, with the Hang Seng Tech Index and the CSI 300 Information Technology Index both seeing significant gains. The market's reaction underscores the growing importance of AI and governmental support for the tech sector in China.

Read the Full Investing Article at:
[ https://uk.investing.com/news/stock-market-news/chinese-tech-stocks-extend-rally-on-deepseek-optimism-xi-meeting-private-leaders-3928495 ]

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Chinese tech stocks extend rally on DeepSeek optimism, Xi meeting private leaders