By Bloomberg News
Copyright financialpost
China’s blistering rally this year has been largely powered by enthusiasm in AI-related sectors and technology. The Hang Seng Tech Index surged 42% this year, led by the likes of domestic chipmakers Hua Hong Semiconductor Ltd. and Semiconductor Manufacturing International Corp., which soared over 233% and 140%, respectively. Alibaba Group Holding Ltd. jumped nearly 50% in September alone as the tech giant unveiled massive AI funding plans.
