<div id="readability-page-1"><div><p>[HONG KONG] Chinese stocks closed near an 11-year high on Monday, supercharged by a strong tech rally driven by renewed AI optimism and export strength.</p><p>At market close, the benchmark Shanghai Composite index was up 1.1 per cent at 4,225.02, its highest since June 30, 2015.</p><p>The blue-chip CSI 300 Index was up 1.7 per cent, its highest in more than four years.</p><p>In Hong Kong, the Hang Seng Index was largely flat to close at 26,406.84.</p><p>Tech shares powered the markets higher, buoyed by a broader regional rally as optimism about AI grew.</p><p>The CSI Semiconductor Index surged 6.3 per cent to a record high. The CSI AI Index climbed 3.2 per cent and the info tech sector index surged 4.4 per cent, also touching all-time highs.</p><div><div><h3>Navigate Asia in<br/>a new global order</h3><p>Get the insights delivered to your inbox.</p></div></div><p>The tech-focused Star Index was up 4.7 per cent, while ChiNext Price Index added 3.5 per cent.</p><p>China’s export growth rebounded strongly in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid the Iran conflicts.</p><p>Meanwhile, the country’s producer price index (PPI) surpassed expectations in April to hit a 45-month high, while consumer inflation also accelerated as global energy costs remained elevated, data released on Monday showed.</p><div><div><div><p>SEE ALSO</p><div><div><div><div><p><img height="1334" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/92f479562521cd5d9b69155a04acd152523362c7261156f920ee5e398a168b11/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="2000" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/92f479562521cd5d9b69155a04acd152523362c7261156f920ee5e398a168b11/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>JPMorgan hikes Kospi bull case target to 10,000 on memory boom</span></h3><p></p></div></div><div><div><div><p><img height="5464" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/849ebc3eba319d3c604b2f0e2418a849f2dd94401a5c05d3b88bddce5c2c7329/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="8192" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/849ebc3eba319d3c604b2f0e2418a849f2dd94401a5c05d3b88bddce5c2c7329/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>South Korean shares hit all-time high as ‘ants’ join global rush to buy AI stocks</span></h3><p></p></div></div></div></div></div></div><p>“Growing global AI computing demand will continue lifting semiconductor-related exports going forward” with China’s manufacturing cost advantage becoming more pronounced, analysts at CITIC Securities wrote in a note.</p><p>Elsewhere, investors are also watching the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping, where Iran, Taiwan, and artificial intelligence are set to be discussed.</p><p>Amid escalating tensions across the world, this summit could be a step where the two dominant powers manage their rivalry, maintain the uneasy calm, and avoid a total breakdown in relations through high-level personal diplomacy, analysts at Nomura said. REUTERS</p><div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. <span>Sign up here to get Decoding Asia newsletter.</span> Delivered to your inbox. Free.</p></div></div></div>

Micron surged 4.8% in a single day, pushing its market capitalization past the $900 billion mark; the Memory ETF (DRAM) soared 6.3%, with Western Digital also joining the rally. Meanwhile, 50,000 Samsung employees are potentially poised to strike for 18 days, placing 3% of global memory production capacity at risk. What are your thoughts?

<p>Micron surged 4.8% in a single day, pushing its market capitalization past the $900 billion mark; the Memory ETF (DRAM) soared 6.3%, with Western Digital also joining the rally. Meanwhile, 50,000 Samsung employees are potentially poised to strike for 18 days, placing 3% of global memory production capacity at risk. What are your thoughts?</p>

Memory takes off — Micron crowned at $900B

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中证全指

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<p>Chinese stocks reached an 11-year high, driven by a tech rally fueled by AI optimism and strong export growth. The Shanghai Composite index rose 1.1% to 4,225.02, while the CSI 300 Index increased by 1.7%. The CSI Semiconductor Index surged 6.3% to a record high. China's export growth rebounded in April, supported by demand from AI-related industries. Additionally, the producer price index hit a 45-month high. Investors are also focused on the upcoming meeting between US President Trump and Chinese President Xi Jinping, discussing key global issues.</p>

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China stocks hit 11-year high on AI optimism, exports rebound