HSI Up 437 pts; HSTI Up 101 pts; MEITUAN Up over 5%; XIAOMI Up over 3%; CITIC, MARKETINGFORCE, H&H INTL HLDG Hit New Highs; Market Turnover Rises
AASTOCKS News·- The Hang Seng Index rose 437 pts to close at 25,650, while the Hang Seng Tech Index increased 101 pts to 4,569 and market turnover reached $276.86 billion. - Active heavyweights and major constituents recorded overall gains, led by significant increases in companies such as MEITUAN, XIAOMI, AKESO, and LENOVO GROUP. - Specific stocks including CITIC, MARKETINGFORCE, and H&H INTL HLDG hit new highs during the trading session.JPM: China's AI Infrastructure Ecosystem Growth Unprecedented Despite Bottlenecks; Favors ILUVATAR COREX , SMIC and Others
AASTOCKS News·- JPMorgan released a report highlighting the unprecedented growth of China's AI infrastructure ecosystem, driven by local model advancements and increased cloud investments despite chip restrictions. - The bank projects domestic AI computing power demand to record a CAGR of about 80% through 2030, with China potentially satisfying 80% of AI infrastructure demand using domestic chips by 2028. - JPMorgan's top stock picks benefiting from this localization trend include ILUVATAR COREX, SMIC, and several other semiconductor and tech supply chain firms.REG - China Yangtze Power - Semi-Annual Report of 2026
London Stock Exchange·