Chinese Tech Stocks Surge on Strong GDP and Stimulus Hopes
Baidu, Alibaba, and Bilibili surge on heavy volume
Chinese stocks jumped today as the country’s economy grew 5.2% in Q2, slightly ahead of forecasts. While retail sales came in soft, strong industrial output and resilient exports helped ease fears of a deeper slowdown. Investors are also anticipating new stimulus measures from Beijing and welcomed news that Nvidia’s AI chips can resume sales in China, lifting tech sentiment.
Top Gainers
| Sym | Price | Chg | % |
|---|---|---|---|
| BIDU | 93.28 | +7.41 | 8.6% |
| BABA | 116.45 | +8.23 | 7.6% |
| BILI | 24.01 | +1.69 | 7.6% |
🧭 What’s Driving the Move
- GDP beat: +5.2% YoY vs. 5.1% expected
- Exports up: +5.8% in June despite tariffs
- Nvidia chip greenlight: Boosts China AI names
- Stimulus bets: Policymakers expected to act at July Politburo meeting
🧠 Quick Take
Today’s rally was broad but focused in tech. With GDP holding up, AI chip flows resuming, and policy support expected, sentiment is shifting more constructive. Watch for follow-through from Beijing to sustain the gains.