Market: Alibaba praises the artificial intelligence model with a clamped

Wall Street’s tune was a volatile on Wednesday. The courses saw a lot of sawing on the day off on a considerable fall, but ended up in a powerful rise. The S&P 500 index increased by more than 1 % and the NASDAQ index 1.5 percent. On Thursday, the Asian market took a model of Wall Street’s decision and were rising widespread.

The Nikke and Topix indexes on the Tokyo Stock Exchange were about one percent. Also on the Stock Exchange of mainland China, the pace was about one percent. The Hong Kong Stock Exchange Hang Seng index was as high as 2.8 % in Kiido. Yesterday, China set an official 5 % economic growth target for this year. On Thursday, there was a expectation of China’s recovery activities to stimulate the economy.

Technology and e-commerce giant Alibaba was 7.6 % on the Hong Kong Stock Exchange. Alibaba has previously reported about EUR 50 billion of artificial intelligence investments in three years, and the company’s recent artificial intelligence announcement opened up the stock. Alibaba announced the new QWQ-32B artificial intelligence model.

According to Alibaba, the model uses only 5 % of the number of parameters used by the Deepseek R1, but still reaches Deepseek to perform.

For many years, Alibaba was under intense pressure from the Chinese administration with his attitudes towards techno waste. Now, the atmosphere around the company is more optimistic again as Alibaba is also expected to help with the stimulating the domestic consumption of China and the artificial intelligence competition.

In the currency market, the movements were small on Thursday. The euro continued to strengthen. The euro had strengthened 0.2 percent against yen and against $ 0.1 per cent and pounds.

The euro has strongly strengthened this week. Even last Friday last week, the euro got $ 1.038, but now the euro is already over $ 1.08.

The euro’s strengthening is the result of especially German Federal Chancellor Friedrich Merzin A large recovery package designed and, more broadly, the intentions and needs of Germany and the rest of Europe in big defense investments after the United States retreated over a week from their weaponry to Ukraine. At the same time, the United States has become low in labor market data, which has weighed dollar.

According to futures, a clear opening for the European Stock Exchange is expected.