Asian stocks saw gains on Friday, driven by a strong rally in U.S. markets and despite new tariff threats from President Donald Trump. Hong Kong’s Hang Seng index surged 3.69%, while Shanghai Composite and Australia’s S&P/ASX 200 also saw increases. However, Japan’s Nikkei 225 slid due to a stronger yen.
Chinese technology stocks listed on the Hong Kong stock exchange experienced significant gains on Friday. Companies like Tencent, Xiaomi, Alibaba, and Meituan all saw their shares surge, boosted by increased interest in Chinese AI technology. The release of new AI models and initiatives by Chinese tech firms have attracted investor attention, with Beijing emphasizing AI as a national priority.
Meanwhile, European markets were mixed, with record highs earlier in the week as hopes for a Ukraine peace deal rose. U.S. stocks also saw gains on Thursday, with the S&P 500 nearing its all-time high. Energy trading saw gains in crude oil prices, while the U.S. dollar weakened in currency trading.
Overall, investors in Asia and around the world seemed optimistic despite geopolitical tensions and tariff threats, as positive economic indicators and technology advancements in China continued to drive market sentiment. The global appetite for Chinese equities appeared to be increasing, with potential for further growth in the region’s markets.
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