The Hong Kong stock exchange operator HKEX saw its shares surge 5.88% on Wednesday, driven by a rally in Chinese technology stocks that bolstered trading volumes and revenue for the bourse.
The rise in HKEX's stock price can be attributed to several factors fueling the tech stock frenzy in Hong Kong. Firstly, Beijing's pledges of forceful economic stimulus in September last year boosted Hong Kong stocks' combined market cap significantly, reigniting global investors' interest in Chinese equities.
Furthermore, the release of a low-cost AI training model by Hangzhou-based Deepseek and President Xi Jinping's supportive messaging towards private sector entrepreneurs have further whetted appetites for tech stocks. The Hang Seng Tech index has risen 27% year-to-date, reflecting the surge in demand for Chinese tech companies.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。