Chinese Stocks Power Ahead of Emerging Peers Amid AI Frenzy

Gains in Chinese stocks have typically filtered through to bolster their emerging-market counterparts — not this time.

Mainland equities have surged over the past six months, breaking free of a multi-year slump, while broader developing-nation equities have largely flat-lined. The divergence is being put down to the fact Chinese gains are being driven by a tech frenzy, rather than an improving economy that would filter through to other economies via the nation’s extensive trade links.