DeepSeek Hands Memory Stock Investors Fresh Reason for Caution
Fund managers wading back into South Korean memory makersโ stocks got a fresh gut check after DeepSeekโs latest artificial intelligence model raised doubts on the strength of demand.
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Fund managers wading back into South Korean memory makersโ stocks got a fresh gut check after DeepSeekโs latest artificial intelligence model raised doubts on the strength of demand.
Lan Xiaohuan is a professor of economics at China Europe International Business School. His book, How China Works: An Introduction to Chinaโs State-led Economic Development, has sold millions of copies in China and has been translated into multiple languages. Here, he discusses the economic realities behind Chinaโs record trade surplus, the case for a stronger social safety net, and how public data infrastructure shapes the artificial intelligence race with the United States. SCMP Plus readers...
Chinese mainland investors rotated into Hong Kong stocks tied to artificial intelligence and pulled out of companies in traditional industries in August, taking advantage of a market dip to boost bets on the worldโs most cutting-edge technology. AI model developer MiniMax Group logged net buying of HK$10.1 billion (US$1.29 billion) last month, the most among the Hong Kong-listed companies available for Chinaโs onshore investors through the Stock Connect programme, according to data compiled by...