DeepSeek Shock Fires Up Bullish Bets on Cheap China Tech Stocks [BNN Bloomberg (Canada)]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: BNN Bloomberg
Listen to the Here's Why podcast on Apple, Spotify or anywhere you listen. The Hang Seng Tech Index climbed 1.8% on Friday to take its gains from a January low to over 20%. Xiaomi Corp. and Alibaba Group Holding Ltd., which have the biggest weighting on the gauge, each rallied almost 30% during that period. Both are viewed as beneficiaries of AI advancement. Chinese startup DeepSeek's AI model is being hailed as a game-changer for the tech industry, highlighting the nation's innovative capabilities. It's also prompting a broader re-evaluation of the nation's beaten-down shares, just as the market was caught in the crosshairs of a tariff war following Donald Trump's return to the White House. “This is a sector that has been ignored but like other purely domestic sectors, there are some bright spots,” said Sat Duhra, portfolio manager at Janus Henderson Investors in Singapore. “The recent DeepSeek announcement is a timely reminder that behind the scenes, industrial policy — for e
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