China’s growing clout in the artificial intelligence space has sparked a wave of optimism toward the nation’s tech shares, with a gauge entering a bull market and brokers issuing upbeat calls.

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,

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The Hang Seng Tech Index, which tracks the 30 largest technology companies listed in the city, rose as much as 2.9% on Friday, reflecting a rise of more than 20% from its January low.