SHANGHAI/HONG KONG -- Hong Kong shares hit their highest in three years on Friday as better-than-expected earnings by e-commerce conglomerate Alibaba Group Holding stoked a rally that has been driven by hopes of a homegrown artificial intelligence boom.
Equities
Hong Kong shares hit 3-year peak as money flows to China tech sector
Alibaba stock jumps over 14%, leading Hang Seng Index gains
Heavyweight Chinese tech stocks have rallied in recent weeks after AI startup DeepSeek’s release of new models last month prompted a reassessment of the country's advances in the sector. (Nikkei montage/Source photos by Rie Ishi)
Read Next
Latest on Equities
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)