Huya Inc. (HUYA), a leading game live streaming platform in China, saw its shares soar 5.18% on Tuesday, rebounding from the previous day's steep losses.
The surge in Huya's stock price was part of a broader rally in Chinese tech stocks listed in the US. Concerns over potential US investment curbs on China had weighed on the sector on Monday, with Huya and other Chinese tech giants experiencing significant declines.
However, analysts at UBS maintained an "attractive" view on Chinese internet stocks, citing improving fundamentals, shareholder returns, and macro policy support. The brokerage firm also highlighted early signs of success in AI innovation as a potential driver for the sector's outperformance.
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