Asian markets rose in holiday-thinned trade Wednesday, tracking a rally on Wall Street, where tech titans led by Nvidia recovered some of their hefty losses a day earlier as worries over Chinese AI startup DeepSeek subsided.
Tokyo stocks opened higher Wednesday, lifted by Wall Street gains overnight as concern eased over the adverse impact of a low-cost artificial intelligence model developed by a Chinese startup. In the first 15 minutes of trading,
Asian shares are trading mixed after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy
The S&P 500 dropped 1.7 per cent, and the Nasdaq 100 slipped 3.1 per cent. With big tech stocks crashing, US stocks were set for their worst day since the last US Federal Reserve policy verdict roiled
Japan's chip-related shares extended declines for a second day after DeepSeek triggered concerns over competitiveness in the artificial intelligence sector.
Wall Street is pointing slightly lower in early trading but is on track to close the week with solid gains on healthy quarterly earnings reports from large U.S. corporations.
TOKYO: Japanese tech stocks fell sharply for a second day running on Tuesday (Jan 28) following a plunge in US tech stocks driven by the emergence of a
U.S. stock indexes are rallying toward the close of their best week in two months. The S&P 500 rose 1.1% Friday.
A Chinese company called DeepSeek said it had developed a large language model that can compete with U.S. giants at a fraction of the cost.
Major AI players, including Nvidia, Meta, Microsoft, and Alphabet, saw significant losses, with Nvidia shedding over 11% and losing $400 billion in market value. Analysts highlighted China’s growing challenge to US tech dominance.
Shares were mixed in thin Asian trading on Monday after U.S. stocks edged back from their all-time high. Oil prices fell and U.S. futures sank, while Chinese shares shed some of
Tokyo stocks opened higher Friday after an overnight rise on Wall Street, but gains were limited as investors were cautious ahead of