On February 5, during the Spring Festival holiday, China’s AI start-ups’ DeepSeek “phenomenal” rise triggered a huge shock in US tech stocks. Nvidia once fell sharply, dragging down US stocks, while Chinese asset and precious metal prices were active. At the same time, the Hong Kong stock market performed outstandingly in trading on February 3-4, with the Hang Seng Technology Index leading the way with strong gains. In this context, institutions generally have expectations for a “good start” in the A-share market after the holiday, and believe that the spring restlessness is expected to continue. (Shanghai Stock News)
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