Chinese Auto Stocks Rise as Investors Rotate From AI Hardware
Chinese automobile stocks gained as investors shifted funds away from AI hardware amid uncertainty over U.S. AI regulation, according to CCB International analyst Qu Ke. BYD shares rose 5.1% in Hong Kong by midday Thursday.
Chinese automobile stocks gained momentum as investors are trying to pivot their fund flows into sectors other than AI hardware stocks amid uncertainity on AI-regulations after the blue wave in the U.S., says CCB International analyst Qu Ke. BYD's shares rise 5.1% in Hong Kong by midday Thursday an…