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Shares of SK Hynix jumped Friday after announcing that it had finished developing HBM4 , the latest generation of high-bandwidth memory seen as vital for artificial-intelligence applications.

Its shares rose over 7% to hit the highest since 2000 as of 9.40 p.m. ET Thursday, marking its ninth day of rally.

Hong Kong's Hang Seng index rose 1.64%, while mainland's CSI 300 inched 0.19% higher.

Shares of Alibaba and Baidu listed in Hong Kong also jumped over 6% and 10% respectively, after both companies began deploying their own in-house chips to train artificial intelligence models, The Information reported Thursday , citing people familiar with the matter.

Alibaba has reportedly been usi

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