Asian equities were mixed in another holiday-thinned trading day Thursday, with investors digesting broadly positive tech earnings that came days after the upheaval caused by China’s DeepSeek explosion onto the global AI scene.With most markets closed for the Lunar New Year break, there was little major reaction to the Federal Reserve’s widely expected pause in …
Asian markets diverge in thin trade, with AI impact in focus Read More »
The emergence of the DeepSeek chatbot has sent Silicon Valley into a frenzy, with calls to go faster on advancing artificial intelligence and beat communist-led China before it is too late. California tech investors have usually kept their involvement in politics low key, generally supporting centrist politicians who don’t get in the way of their innovations …
Equity markets were mixed Wednesday as attention turned away from tech stocks to the outlook for monetary policy, with the Federal Reserve holding steady on interest rates ahead of an ECB decision.Major US indices spent most of the session in the red before closing moderately lower. The S&P 500 shed 0.5 percent.In Europe, London and …
Global stocks mixed as market awaits ECB decision Read More »
Equity markets diverged Wednesday as attention turned away from recent turbulence in tech stocks to the outlook for interest rates, with the Fed and the ECB both holding their first major meetings of the year.The Dow was little changed in late morning trading in New York, while the wider S&P and the tech-heavy Nasdaq were …
Stocks diverge, dollar steady before Fed rate decision Read More »
Stock markets diverged Wednesday as attention turned away from recent turbulence in tech markets to the outlook for interest rates, with the Fed and the ECB both holding their first major meetings of the year.The Dow was up slightly in early New York trading, while the wider S&P and the tech-heavy Nasdaq were lower.In Europe, …
Stocks diverge, dollar firmer before Fed rate decision Read More »
With around six million dollars and a stockpile of chips acquired before Washington banned their export to China, startup DeepSeek has produced what Chinese tech titans couldn’t — a world-class AI chatbot.The success will come with heightened scrutiny, both from Western governments with long-held suspicions about Chinese technology but also from Beijing, whose stern regulatory …
Upstart DeepSeek faces heightened scrutiny as AI wows Read More »
Stock markets mostly rose Wednesday, tracking a rally on Wall Street, where tech titans led by Nvidia recovered some of their hefty losses thanks to easing worries over Chinese artificial intelligence startup DeepSeek.Investors were awaiting the conclusion of the Federal Reserve’s interest-rate policy meeting later in the day as well as major earnings, including from …
Stocks firm after tech rout; dollar steady before Fed rate call Read More »
Chinese tourists visiting Thailand for Lunar New Year are worried about being kidnapped by gangsters to work in hellish scam centres, despite efforts to reassure them.Chinese nationals topped the list of visitors to Thailand last year, with nearly seven million making the trip to Thailand in 2024. But high-profile kidnappings on the Thai-Myanmar border have sent …
Fears of scam centre kidnaps keep Chinese tourists on edge in Thailand Read More »
US export controls on high-tech chips may have inadvertently fuelled the success of start-up DeepSeek’s AI chatbot, sparking fears in Washington there could be little it can do to stop China in the push for global dominance in AI.The firm, based in the eastern Chinese city of Hangzhou, has stunned investors and industry insiders with …
DeepSeek’s ‘Sputnik moment’ exposes holes in US chip curbs Read More »
Taiwan will consider supporting its domestic industrythe government said Wednesday, after US President Donald Trump warned he will soon place tariffs on overseas-made semiconductor chips.The self-ruled island is a global power in the manufacturing of chips, which are used in products from Apple’s iPhones to Nvidia’s artificial intelligence hardware and are a key driver of …
Taiwan could help industry after Trump warns of chip tariffs Read More »
