China's CSI300 index hits 4 year high on AI optimism
Business
China's CSI300 Index just hit a four-year high, climbing 1.6% after the holiday break.
Investors are buzzing about artificial intelligence, and that excitement helped push up other markets too: Shanghai's main index rose 1.3%, and Hong Kong's Hang Seng gained 0.8%.
Hopes for a U.S.-Iran deal easing Middle East tensions also gave stocks an extra lift.
Investors are buzzing about artificial intelligence, and that excitement helped push up other markets too: Shanghai's main index rose 1.3%, and Hong Kong's Hang Seng gained 0.8%.
Hopes for a U.S.-Iran deal easing Middle East tensions also gave stocks an extra lift.
STAR50 Index jumps 8%
China's tech sector had a standout day: the STAR50 Index jumped 8%, thanks in part to Huawei expecting AI chip revenue to jump at least 60% this year, a big step for China's tech independence.
Meanwhile, companies on Shenzhen's ChiNext and Shanghai's STAR Market saw profits grow by 20% in 2025, showing signs that economic changes are paying off.
Energy stocks slipped as worries about Middle East disruptions eased, but overall market vibes stayed positive.
Meanwhile, companies on Shenzhen's ChiNext and Shanghai's STAR Market saw profits grow by 20% in 2025, showing signs that economic changes are paying off.
Energy stocks slipped as worries about Middle East disruptions eased, but overall market vibes stayed positive.