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China Tech Stocks Jump as AI Boom Pushes Index to Four-Year High

A blistering rally in Chinese technology shares accelerated on Wednesday as renewed bets on artificial intelligence sent a key gauge to the highest in nearly four years. The Hang Seng Tech Index, which tracks the largest tech firms listed in Hong Kong, rose 4.3% to close at its highest level since November 2021. Search engine operator Baidu Inc led gains with a 16% jump but multiple tech giants came along for the ride: Shares of Alibaba Group Holding Ltd., Semiconductor Manufacturing Internation...

Read more at bloomberg.com

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