HSI Opens Up 302 pts; TENCENT Opens 2%+ Higher, Zijin Series Soars 4%+
AASTOCKS News·- The Hong Kong stock market opened higher, with the Hang Seng Index up 302 pts or 1.2% at 25,515. - Major dotcom firms and gold mining stocks rallied following relief over US interest rate policies. - TENCENT opened over 2% higher, while ZIJIN MINING and other gold-related stocks surged over 4%.JPM: China's AI Infrastructure Ecosystem Growth Unprecedented Despite Bottlenecks; Favors ILUVATAR COREX , SMIC and Others
AASTOCKS News·- JPMorgan released a report highlighting the unprecedented growth of China's AI infrastructure ecosystem, driven by local model advancements and increased cloud investments despite chip restrictions. - The bank projects domestic AI computing power demand to record a CAGR of about 80% through 2030, with China potentially satisfying 80% of AI infrastructure demand using domestic chips by 2028. - JPMorgan's top stock picks benefiting from this localization trend include ILUVATAR COREX, SMIC, and several other semiconductor and tech supply chain firms.HSI Opens Up 171 pts; TENCENT Gains 1%+; LENOVO GROUP Leaps 3%+
AASTOCKS News·- The Hang Seng Index opened 171 points higher at 25,482 following a positive close in US stock markets. - Major technology stocks and metal mining shares saw upward momentum, with Tencent and Lenovo Group posting notable gains. - Spot gold strength further supported related gold miners and metal stocks in early trading.