Asia funds, Wall Street's fast money power China's tech rally

Future earnings multiple suggests the rally has more room to run: BNP Paribas

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DeepSeek has directed “investor attention towards the Chinese equity market, which was already trading at low valuations,” according to an HSBC report. © Reuters

LISA KIM

TOKYO -- Asia funds and U.S. investors are rotating capital into Chinese tech stocks, analysts say, driving a rally set off by the AI chatbot DeepSeek and support for the private sector by China's president.

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