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ASIA STOCKS: Chin & Hong Kong Equities Edges Higher On DeepSeek Optimism

ASIA STOCKS
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Chinese and Hong Kong stocks are extending their recent rally, driven by AI optimism and tech momentum. DeepSeek’s breakthroughs in AI have fueled bullish sentiment, with major players like Tencent, Alibaba Health, and Ping An Healthcare surging. Tencent jumped 7.8% as its Weixin app began beta testing with DeepSeek, while healthcare AI stocks soared on expectations of improved margins and efficiency.

  • Strategists at Goldman Sachs, Morgan Stanley, and JPMorgan have turned increasingly bullish on Chinese equities, forecasting further gains. Hong Kong’s options market is seeing record trading volumes, as investors pile into tech and EV bets, pushing the Hang Seng Tech Index to its highest level since 2022, with the Index up 0.40% today.
  • Meanwhile, geopolitical concerns remain a headwind, with US tariffs and trade tensions in focus. The HSI Volatility Index has jumped 5pts in February, reflecting renewed market swings. However, the shift in sentiment post-DeepSeek suggests China’s tech sector is now viewed as a legitimate competitor in the AI race, attracting fresh investor flows.
  • Key benchmarks in the region are currently: HSI +0.60%, HS China Enterprise +0.50%, HS Property, +1%, CSI 300 +0.10%, CSI 2000 +1.65%, while the Nasdaq Golden Dragon Index rose 2.27% on Friday.
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Chinese and Hong Kong stocks are extending their recent rally, driven by AI optimism and tech momentum. DeepSeek’s breakthroughs in AI have fueled bullish sentiment, with major players like Tencent, Alibaba Health, and Ping An Healthcare surging. Tencent jumped 7.8% as its Weixin app began beta testing with DeepSeek, while healthcare AI stocks soared on expectations of improved margins and efficiency.

  • Strategists at Goldman Sachs, Morgan Stanley, and JPMorgan have turned increasingly bullish on Chinese equities, forecasting further gains. Hong Kong’s options market is seeing record trading volumes, as investors pile into tech and EV bets, pushing the Hang Seng Tech Index to its highest level since 2022, with the Index up 0.40% today.
  • Meanwhile, geopolitical concerns remain a headwind, with US tariffs and trade tensions in focus. The HSI Volatility Index has jumped 5pts in February, reflecting renewed market swings. However, the shift in sentiment post-DeepSeek suggests China’s tech sector is now viewed as a legitimate competitor in the AI race, attracting fresh investor flows.
  • Key benchmarks in the region are currently: HSI +0.60%, HS China Enterprise +0.50%, HS Property, +1%, CSI 300 +0.10%, CSI 2000 +1.65%, while the Nasdaq Golden Dragon Index rose 2.27% on Friday.