Chinese Stocks Jump Most Since March, Led by AI-Linked Shares

Group 1 - Chinese stocks experienced a rally, with significant gains in companies benefiting from the push for homegrown technology [1][2] - The CSI 300 Index rose by 2.3%, marking its largest increase since mid-March, with Hygon Information Technology Co. shares surging by 20% [2][3] - Retail investor sentiment is strong, indicated by new account openings and increased margin trading, contributing to the market's upward momentum [4] Group 2 - Alibaba Group is seeking to raise $3.17 billion through zero-coupon convertible notes, which would be the largest offering of the year, as part of its $53 billion investment in AI infrastructure [5] - The rally is primarily driven by AI-related sectors, particularly in computing infrastructure, reflecting robust market sentiment in this theme [6] - The Star50 index, focused on smaller chip companies, increased by 5.3%, while the tech-heavy ChiNext also saw gains of over 5% [4]