After struggling in 2024, China's stock market is roaring as its AI trade soars. Meanwhile, US peers are hobbled by growth concerns and waning enthusiasm.

Chinese shares look attractive even after their recent rally, Citi strategists wrote, citing DeepSeek’s AI breakthrough and still-cheap valuations.

Asian markets have shrugged off another decline on Wall Street, with markets in China advancing after banks and other financial institutions were ordered to do more to help spur more consumer spending.

Asian markets rebounded on Friday, especially in China, where financial institutions were directed to boost consumer spending. Hong Kong's index rose 2.4%, Shanghai’s surged 1.8%, and Tokyo's climbed 0.

Asia-Pacific markets surged on Friday as U.S. futures rebounded following an overnight slump on Wall Street due to President Trump's threat of more tariffs. Investor sentiment was rattled after renewed tariff threats from President Donald Trump reignited trade war concerns.