Why Chinese Stocks Alibaba, Futu Holdings, and Tencent Shook Off Inflation Concerns and Are Rising Today

Despite a hotter-than-expected inflation report this morning, Chinese tech stocks shook off the bad news and marched higher. The beaten-down sector continues to advance since the emergence of China's DeepSeek artificial intelligence (AI) chatbot.Shares of the large search and e-commerce company Alibaba (BABA 5.67%) had risen 4.4% as of 11:34 a.m. ET today. Meanwhile, shares of the digital finance company Futu Holdings (FUTU 10.08%) had surged 8.4%, and shares of the large tech and videogame company Tencent ...