Goldman "Cautiously Optimistic" On China Tech As DeepSeek Fuels Bullish Bets

Goldman's Hailey He remains "cautiously optimistic" about Chinese stocks, noting that "AI enthusiasm sparked by Deepseek" has driven tech shares into a bull market. 

On Friday, China had a solid session with SHCOMP +1%, CSI 300 +1.3%, and HSI +1.2% as technology companies outperformed on AI tailwinds.

HK shares gained 4.5% for the week, marking the best weekly performance since the first week of October. Key drivers of this bullish price action included EV, AI, and robotics stocks—all amid a week in which the tit-for-tat trade war between the US and China escalated.