TOKYO — Asia funds and U.S. investors are rotating capital into Chinese tech stocks, analysts say, driving a rally set off by the AI chatbot DeepSeek and support for the private sector by China’s president.
The Hang Seng Tech Index, a gauge of the top tech companies listed in Hong Kong, has surged more than 30% this year, and the territory’s benchmark Hang Seng Index has gained around 20%, both outperforming the S&P 500 and Europe’s Stoxx 600.
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