DeepSeek drives $1.3 trillion China stock rally as investors rush in

DeepSeek’s breakthrough in artificial intelligence is helping drive a rotation of stock funds back into China from India.

Hedge funds have been piling into Chinese equities at the fastest pace in months as bullishness on the DeepSeek-driven technology rally adds to hopes for more economic stimulus. In contrast, India is suffering a record exodus of cash on concerns over waning macro growth, slowing corporate earnings and expensive stock valuations.