Earnings, Stimulus Expectations Set to Remain Drivers for China Tech Stocks -- Market Talk

Dow Jones

2025/12/19

0253 GMT - Earnings and expectations for stimulus measures should remain key drivers for Chinese tech stocks in 2026, Daiwa analyst John Choi says. Hong Kong and China stock markets are unlikely to see a significant liquidity boost from global funds in 2026 unless China makes another DeepSeek-like tech breakthrough, the analyst says. Any concerns about a U.S. AI bubble could negatively impact sentiment toward Chinese AI names, he adds. Among Chinese large-cap names, Daiwa thinks Tencent and Alibaba are well-positioned to benefit from AI adoption. The brokerage also likes Baidu given its strong AI-native revenue streams, including robust growth in cloud services. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

December 18, 2025 21:53 ET (02:53 GMT)

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Hong Kong and China stock markets are unlikely to see a significant liquidity boost from global funds in 2026 unless China makes another DeepSeek-like tech breakthrough, the analyst says. Any concerns about a U.S. AI bubble could negatively impact sentiment toward Chinese AI names, he adds. Among Chinese large-cap names, Daiwa thinks Tencent and Alibaba are well-positioned to benefit from AI adoption. The brokerage also likes <a href=\"https://laohu8.com/S/09888\">Baidu</a> given its strong AI-native revenue streams, including robust growth in cloud services. (sherry.qin@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 18, 2025 21:53 ET (02:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Earnings, Stimulus Expectations Set to Remain Drivers for China Tech Stocks -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEarnings, Stimulus Expectations Set to Remain Drivers for China Tech Stocks -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-19 10:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0253 GMT - Earnings and expectations for stimulus measures should remain key drivers for Chinese tech stocks in 2026, Daiwa analyst John Choi says. Hong Kong and China stock markets are unlikely to see a significant liquidity boost from global funds in 2026 unless China makes another DeepSeek-like tech breakthrough, the analyst says. Any concerns about a U.S. AI bubble could negatively impact sentiment toward Chinese AI names, he adds. Among Chinese large-cap names, Daiwa thinks Tencent and Alibaba are well-positioned to benefit from AI adoption. The brokerage also likes <a href=\"https://laohu8.com/S/09888\">Baidu</a> given its strong AI-native revenue streams, including robust growth in cloud services. (sherry.qin@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 18, 2025 21:53 ET (02:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0588546209.SGD","symbol_name":"Eastspring Investments - China Equity Fund AS SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2592242131","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592242131","pubTimestamp":1766112780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0253 GMT - Earnings and expectations for stimulus measures should remain key drivers for Chinese tech stocks in 2026, Daiwa analyst John Choi says. 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Earnings and expectations for stimulus measures should remain key drivers for Chinese tech stocks in 2026, Daiwa analyst John Choi says. Hong Kong and China stock markets are unlikely to see a significant liquidity boost from global funds in 2026 unless China makes another DeepSeek-like tech breakthrough, the analyst says. Any concerns about a U.S. AI bubble could negatively impact sentiment toward Chinese AI names, he adds. Among Chinese large-cap names, Daiwa thinks Tencent and Alibaba are well-positioned to benefit from AI adoption. The brokerage also likes Baidu given its strong AI-native revenue streams, including robust growth in cloud services. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 18, 2025 21:53 ET (02:53 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}