Hong Kong stocks rose for the first time in four years due to AI optimism, and Tiktok trading progress – TradingView News

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Hong Kong stocks were promoted to the highest level in four years on Tuesday, backed by technology stocks. This has led to a sign of confidence in China's artificial intelligence capabilities and potential trading advancements involving Tiktok, which has boosted the appetite for risky assets.

**Mainland China stocks were hovered near the peak of 3-1/2 years.

**Chinese Blue Chip CSI300 Index 3399300 Up 0.6% during lunch break, Shanghai's combined index 000001 We won 0.4%. Hong Kong benchmark Hangsen index HSI An increase of 1.4%.

**Tech Majors traded in Hong Kong hhstech3.5% jumped after an overnight meeting of the counterpart in New York KWEB.

** Baidu Bidoo Since October 2023, it has reached nearly 16%. Alibaba stocks Baba It has increased by 5% at its strongest point since November 2022.

**Many important developments across China's AI infrastructure layer are worth noting. This includes the new story of the launch of the AI ​​infrastructure layer and new Chinese AI models.

**Investment Bank has raised Alibaba's 12-month price target to HK$174, assuming high cloud growth rates based on the latest AI full suite products and resilient computing demand.

**Media reported last week that Alibaba and Baidu began using internally designed chips to train AI models, partially replacing those made by Nvidia NVDA.

**Sentence was further lifted as President Donald Trump announced an agreement Tuesday to maintain Tiktok operations between Washington and Beijing.

** CSI Semiconductor Materials & Equipment Theme Index (.CSI931743) rose 2.6%, with Chip Giant Smic 981 Stocks rose 6.6% on land.

**Consumer-related stocks have shown muted responses after China announced measures to promote consumption of its services on Tuesday, pledging to open up more sectors such as the internet and culture, and promote hosting international sporting events.



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