DeepSeek Drives $1.3 Trillion China Stock Rally as Funds Pile In
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DeepSeek’s breakthrough in artificial intelligence is helping drive a rotation of stock funds back into China from India.
Hedge funds have been piling into Chinese equities at the fastest pace in months as bullishness on the DeepSeek-driven technology rally adds to hopes for more economic stimulus. In contrast, India is suffering a record exodus of cash on concerns over waning macro growth, slowing corporate earnings and expensive stock valuations.