Market Updates
Renewed Interest In AI Stocks Lifted Hong Kong Indexes Ahead
Li Chen
04 Nov, 2025
Hong Kong
China's tech stocks rebounded on Tuesday, mirroring renewed vigor in AI-linked stocks in New York.
The Hang Seng index gained 0.2%, and the mainland-focused CSI 300 index decreased 0.4% as investors awaited the release of key earnings later this week.
AI-related stocks advanced in China and Hong Kong following two large deals in the U.S., providing another leg of support to high-flying stocks in Hong Kong.
OpenAI struck a multi-year $38 billion data center "partnership" deal with Amazon.com and gained access to the computing power of servers using Nvidia's advanced AI chips.
Microsoft struck a $9.7 billion cloud computing deal with Australia-based IREN Ltd.
The five-year deal grants Microsoft access to NVIDIA's high-performance graphic processor GB300, hosted at the company's 750 MW campus in Texas.
China Indexes and Stocks
The Hang Seng Index increased 0.2% to 26,209.39, and the mainland-focused CSI 300 index fell 0.4% to 4,634.57.
Baidu Inc. jumped 6.5% to $126.20, Alibaba Group decreased 0.7% to HK $162.10, Meituan fell 1% to HK $101.30, Tencent Holdings gained 1.7% to HK $638.50, and SMIC advanced 1.4% to HK $73.85.
Annual Returns
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Earnings
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