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热议:中概股走势强劲喜迎新春,港股下周有望迎来“开年利是”行情?

Hot topic: Chinese concept stocks are performing strongly as the New Year approaches. Will Hong Kong stocks迎来 an "opening year profit" trend next week?

Futu News ·  Jan 31 04:08

The US stock market during the Spring Festival is also filled with a strong Chinese New Year atmosphere.

Overnight, $NASDAQ Golden Dragon China (.HXC.US)$ Surged over 4%, with a cumulative increase of 14.59% since the low point on January 13.

$China Concept Stocks (LIST2517.US)$ In, $JD.com (JD.US)$$Alibaba (BABA.US)$$XPeng (XPEV.US)$ In the past 13 days, the increase exceeded 27%. $Baidu (BIDU.US)$ The rise exceeded 22%.

In terms of news, as the Chinese stock market is closed for the Spring Festival, $KraneShares CSI China Internet ETF (KWEB.US)$ On Wednesday, the inflow scale of funds reached its highest level in nearly four months. Data shows that this ETF saw an inflow of 0.105 billion USD in a single day, the largest since October 3 of last year.

Source: Bloomberg
Source: Bloomberg

Analysis points out that behind this wave of increase, in addition to the rebound in overseas investors' interest in Chinese Technology stocks, there is an important factor — the strength of AI technology in China has been globally recognized once again.

Previously, the Chinese AI company DeepSeek released its latest open-source model DeepSeek-R1, achieving performance close to that of the GPT-01 developed by the USA OpenAI research center at a lower cost. This progress breaks the reliance on the long-standing path of "stacking computing power" in the global AI industry, influencing the Capital Markets.

Subsequently, the Alibaba Tongyi Qianwen team quietly launched Qwen 2.5-Max on January 29, showcasing performance comparable to the world's top AI models in several authoritative benchmark tests.

According to the latest Research Reports from Morgan Stanley, low-cost high-performance models will also reshape the landscape of Datacenter and Software Industry:

For Chinese Datacenters, in the short term, if large Technology companies adopt similar technology paths, it may reduce the demand related to AI training.

However, in the long run, low-cost models will drive the growth of inference demand, which will be bullish for Datacenters in first-tier cities.

For the Chinese software industry, the reduction in AI model costs will lower the threshold for applications running AI functions, thus improving the industry environment from the supply side.

If Alibaba's Qwen-2.5-max performance indeed demonstrates the expected level, combined with its cost advantage and complete cloud ecosystem, there is reason to expect it will trigger a new round of reassessment of China AI Assets after DeepSeek.

It is worth noting that starting next week, the Hong Kong stock market will also open, and investor attention has been drawn to the trends of the Hong Kong stock market after the New Year.

Are China's assets expected to surge? Make good use of the 'Investment Themes' feature, open Futubull > US Stocks > Investment Themes >China Concept Stocks, capture investment opportunities.

Editor/Somer

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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