Hong Kong Shares Slip But Post Weekly Gains; China Stocks Rebound on AI Demand
• Hong Kong stocks retreat, ending a 3-day rally, as traders lock in profits • Mainland China equities bounce back, with Shanghai Composite Index jumping 0.6% • New home prices in China's top cities fell at a slower pace in January • Hang Seng Index up 2.4% for the week, extending a rebound from 14-month low • Global stocks rally on surge in AI chip demand buoying Nvidia’s revenue outlook