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Chinese stocks see biggest rise in 14 months
Chinese stocks listed on the Hong Kong Exchange rose significantly, achieving their biggest daily gains in 14 months. This surge was driven by international investors and funds shifting towards undervalued assets, along with expectations of developing local AI models and electronic chips. The Hang Seng Index increased by 4.04%, with strong gains in major companies like Alibaba and Tencent, despite a year-to-date decline of 10% and 15%, respectively. The market remains cautious, questioning whether this rally can be sustained.
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