China’s Top Tech Stocks Add $439 Billion as ‘Mag Seven’ Sink
- China’s seven megacaps have trounced US peers this year
- DeepSeek spurred broad re-rating of China’s technology stocks
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A $439 billion rally in Chinese tech megacaps this year has left their once-unbeatable US peers in the dust, an outperformance that many investors say has room to extend.
An equal-weighted basket of China’s seven tech heavyweights including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. — dubbed the “7 titans” by Societe Generale SA — has gained more than 40% this year. That compares with an about 10% drop in an index of the Magnificent Seven stocks, whose slump has also pushed the Nasdaq 100 Index to the brink of a correction.