ChiNext Index rises 1%, AI sector leads gains
The ChiNext Index rose by over 1.02%, with broad market gains across nearly 4,200 stocks. AIPC, culture media, and photovoltaic sectors were among the top performers.
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The ChiNext Index rose by over 1.02%, with broad market gains across nearly 4,200 stocks. AIPC, culture media, and photovoltaic sectors were among the top performers.
China's A-share market opened higher, with computer hardware and communication equipment sectors leading the gains. Inspur Information, a major AI server provider, hit the daily limit up.
Main capital in the A-share market is rotating out of electronics, communications, and computer sectors. Funds are flowing into utilities and basic chemicals instead.

Apple stock reached a record high as investors seek hedging tools against the broader AI-driven market volatility. This shift highlights Apple's role as a defensive asset in a tech-heavy portfolio.

The market landscape is undergoing a fundamental shift, signaling the end of the dominance of large-cap broad-based ETFs.
Alibaba shares experienced their largest jump in 10 months. Investors are shifting capital into major Chinese internet firms, anticipating stronger earnings performance.
Major Chinese tech stocks including Alibaba and Baidu saw pre-market declines of over 1%. The broader market sentiment for Chinese ADRs remains bearish.

The market is experiencing a correction as speculative themes like metal materials and mining equipment weaken. Capital is shifting toward low-valuation, stable-performance blue-chip stocks in public utilities and manufacturing.
The Hang Seng Tech Index fell by 2% as major Chinese tech companies saw significant declines. Bilibili dropped over 8%, while Baidu and Kuaishou both fell more than 5%.
South Korea's automotive exports reached $6.17 billion in April, marking a 5.5% year-over-year decline. Significant drops were recorded in exports to the Middle East, the EU, and Asia.