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Hang Seng Tech Index Plummets, AI Offers Hope

4/19/2025

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Summary

Story summary

The Hang Seng Tech Index plummeted nearly 18% between March 10 and April 15, while the broader Hang Seng Index saw a 14% increase. Yet, fund manager Yao Wei remains hopeful, pointing to AI's promise for boosting earnings. He stresses that strong fundamentals and macroeconomic factors will be crucial for future stock valuations.

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Story summary

The Hang Seng Tech Index plummeted nearly 18% between March 10 and April 15, while the broader Hang Seng Index saw a 14% increase. Yet, fund manager Yao Wei remains hopeful, pointing to AI's promise for boosting earnings. He stresses that strong fundamentals and macroeconomic factors will be crucial for future stock valuations.