Chinese Chip Stocks Surge 5‑7% on AI Optimism

Chinese semiconductor makers rallied Monday, with SMIC up 5.6% in Hong Kong and Hygon up 6.4% on the mainland.
NAURA Technology gained 7.2% and Hua Hong Semiconductor also rose, mirroring a global chip rally sparked by Intel’s 13.96% jump.
AI optimism surged after DeepSeek released a new model and announced a 50 billion‑yuan ($7.35 bn) funding round, attracting Tencent and Alibaba interest.