Hang Seng Index: AI Stock Surge Lifts Market as Alibaba Jumps 7.44%
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The Hang Seng Index rose by 2.02% driven by a surge in AI-related stocks, with Alibaba jumping 7.44%. This rise offset concerns about US tariffs. The Nikkei and ASX also saw gains due to a weaker yen and strong bank earnings.
February 12, 2025 | 4:30 am
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Alibaba's stock surged by 7.44% as part of a broader rally in AI-related stocks, contributing to a 2.02% rise in the Hang Seng Index.
Alibaba's significant price increase of 7.44% is a major contributor to the Hang Seng Index's overall rise. The surge is driven by investor enthusiasm for AI-related stocks, indicating positive sentiment and potential short-term gains for Alibaba.
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RELEVANCE 90