XIAOMI TARGET PRICE CUT TO HK$43.00 FROM HK$46.00 BY BERNSTEIN

OPENAI: INTRODUCING MEMORY SOURCES ACROSS ALL CHATGPT MODELS

China's ChiNext Price Index marks a nearly 11-year intraday high, supported by strong demand for technology stocks. Investors are positive on the AI capex upcycle, with more funding flowing into communication services and electrical-equipment stocks in 1Q, HSBC analysts say in a research note. "Strong earnings outlook bolsters the AI rally and evolving models, such as DeepSeek V4, should add further fuel," the analysts say. Among major stocks, CATL is 4.4% higher and East Money Information gains 2.65%.