DeepSeek Sparks Capital Frenzy in the Recent A-Share Market, While the Spot Market Remains Quiet [SMM Tin Morning News]

DeepSeek Recently Sparked a Capital Frenzy in the A-Share Market; The Spot Market Remains Quiet [SMM Tin Morning Brief] DeepSeek recently sparked a capital frenzy in the A-share market, driving up multiple technology-related sectors and attracting significant foreign capital into the Chinese market. DeepSeek is also prompting global investors to reassess the investability of China. According to a Goldman Sachs research report, global hedge funds have been heavily buying Chinese stocks for most of this year, with buying momentum in early February reaching its strongest level in four months. Based on incomplete statistics, over the past month, global hedge funds have driven the total market capitalization of onshore and offshore markets to increase by more than $1.3 trillion (approximately 9.43 trillion yuan). Investment banks such as Morgan Stanley and Deutsche Bank have expressed optimism about the Chinese stock market, believing that technological breakthroughs like DeepSeek and policy dividends will further drive market growth. In the futures market, SHFE tin prices during yesterday's night session opened slightly higher and then stabilized, adjusting to around 262,500 yuan/mt before the close. The overall open interest in SHFE tin contracts showed relatively small changes. Meanwhile, the spot market remained relatively quiet, with most downstream enterprises adopting a wait-and-see attitude. Spot market transactions yesterday were mainly conducted through a pricing-on-demand model. Under the current high-level price consolidation, the spot market is likely to remain in a quiet state.