From Nasdaq: 2025-02-12 12:32:57

Chinese tech stocks rose despite higher inflation, driven by DeepSeek AI chatbot. Alibaba shares surged 4.4%, Futu Holdings up 8.4%, Tencent Holdings up 3.5%. Market indexes dipped post-inflation data, questioning Fed’s rate cut possibility. JPMorgan sees potential outperformance for Chinese tech due to AI adoption and attractive valuations.

Alibaba gained on reports of partnership with Apple to enhance AI features in China. Futu surged after Bank of America reiterated buy rating and raised price target. Tencent joined rally, benefiting from efficient AI. Chinese tech stocks offer cheaper valuations and growth potential, but may be volatile due to economic challenges and government influence.



Read more at Nasdaq: Why Chinese Stocks Alibaba, Futu Holdings, and Tencent Shook Off Inflation Concerns and Are Rising Today