Chinese Tech Stocks Surge as Hang Seng Hits 2021 High
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最新报道：Chinese tech stocks hit an all-time high as the Hang Seng Tech Index rose 0.9% on Thursday, marking its longest eight-week winning streak since inception. The rally is driven by AI investments, including Alibaba's increased capital expenditure, Baidu's 2% gain following autonomous driving permits in Dubai, and JD.com's 3.5% surge after announcing a trillion-yuan AI ecosystem plan. Xiaomi shares climbed over 4% ahead of its flagship phone launch. Government support and Nvidia partnerships further boosted sentiment, lifting valuations to 21.5 times forward earnings, above the three-year average.
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