A gauge of Chinese tech shares trading in Hong Kong was poised to enter a technical bull market after DeepSeek’s artificial intelligence model ignited interest in China’s internet firms.

Robust gains by Chinese tech stocks have added billions of dollars in their market capitalization, driven by the sudden rise to fame by homegrown AI app DeepSeek.

China’s tech stocks are reaping the benefits of the country’s advancement in artificial intelligence as it enters the bull market territory. The Hang Seng Tech Index, a Hong Kong index that tracks Chinese tech stocks,

DeepSeek’s advances have roiled global stock markets and AI players. Now, its influence is spreading quickly at home, with some of China’s biggest tech companies, many of which had been developing their own chatbots,

HONG KONG (AP) — Asian shares Friday were mixed, with Chinese technology stocks rising as most other Asian equities declined.