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

Dow Jones
7小時前

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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