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.
During the session, HSI saw auto stocks surge, with Geely up 8%, Li up 6.5%, and BYD gaining 5%. HSTECH rose nearly 2%, rebounding into technical bull market territory, now up 22% from its January lows. Alibaba shares climbed 1.5%, while Tencent gained around 2%.
As China returns from one week CNY holiday, market sentiment on China asset improves as seen from the bullish price action in both equities and fixed income. Tariff reprieve, AI enthusiasm sparked by Deepseek and easy liquidity all contributed to the move.
China equities staged a meaningful rebound this week on AI optimism. HSI tech, the parameter of foreigner confidence, surged 23% from January lows. GS Asia internet research is bullish on further AI advancement and cost efficiencies. To highlight, the cost of Doubao, the most popular AI Chatbot in China, is 85% cheaper than industry average. In terms of stocks, we continue to see Tencent as best positioned in introducing To-C AI agent applications given the Weixin super-app with both social and transaction capabilities. We continue to be bullish on Alibaba (China’s largest public cloud hyperscaler) and data centers (GDS, VNET) that will benefit from ongoing public cloud and AI computing demand growth from multi-year higher AI adoption. The latest piece from equity research on China AI can be accessed here.
In a separate note, Sat Duhra, portfolio manager at Janus Henderson Investors in Singapore, told clients, “This is a sector that has been ignored but like other purely domestic sectors, there are some bright spots,” adding, “The recent DeepSeek announcement is a timely reminder that behind the scenes, industrial policy — for example Made in China 2025 — has pushed many sectors toward world-class status.” […]
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At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
