Jeanny Yu

Hong Kong stocks’ valuation discount to their mainland-listed counterparts is widening, driven largely by liquidity strains and Beijing’s crackdowns on capital outflows.

Michael Burry, the investor made famous in The Big Short, recommends bargain hunting in Hong Kong’s stock market after it lagged peers during the global AI rally this year.

Chinese AI pioneer Moonshot touted a model that performs on par with some of the top-tier platforms from OpenAI and Anthropic PBC, the latest sign that the Asian country’s artificial intelligence labs are closing a technology gap with the US.

Michael Burry, the investor made famous in The Big Short, recommends bargain hunting in Hong Kong's stock market after it lagged peers during the global AI rally this year.

Moonshot's release shows that China's AI race is evolving beyond a competition on cost alone. The startup priced its latest model at roughly the same amount as Anthropic Sonnet, a premium compared to other Chinese models based on its strong capabilities. Moonshot also claimed it surpassed Z.AI's most advanced offering on coding tasks. That's stoking concerns that competition in China's AI sector is intensifying even as the country's sector leaders race onto global markets.

BEIJING (Bloomberg): Chinese AI pioneer Moonshot unveiled a new model that it claims performs on par with some of the top-tier platforms from OpenAI

Moonshot AI’s surprise release of a new artificial intelligence model has sent a jolt through markets, forcing investors to reassess some of the biggest assumptions behind the global tech rally.

Investors are looking to Monday’s trading debut of CXMT Corp. to help renew a rally in Chinese semiconductor stocks that has been on pause ahead of the memory giant’s initial public offering.

Global funds entered short positions in Hong Kong tech stocks earlier this year to raise funds to invest in South Korea’s chip giants, but the latest correlation numbers show those trades look to be rapidly unwinding.

Analyst opinions are more polarized on CXMT Corp. than any other stock in Asia, delineating the key arguments driving volatility in the memory-chip stock trade.