Tech stocks fall sharply as China’s DeepSeek sows doubts about AI spending
Some Chinese tech stocks advanced today amid the excitement over DeepSeek, although the wider CSI 300 index closed down 0.4 per cent. In Hong Kong Baidu closed 4 per cent up and Alibaba was up 3 per cent. “Tech is up today and the overall sentiment is quite positive in China”, said Wei Li, Head of multi-asset Investments for China at BNP Paribas.
The news that a Chinese start-up has created an artificial intelligence bot to rival ChatGPT at a fraction of the cost is spearheading stock losses across the globe on Monday. Not even China was ...
Tech stocks slide as Chinese AI startup DeepSeek triggers fears of China overtaking the U.S. in the AI race. Read more.
Asian equities ended the week on a high note, as Mainland China and Hong Kong outperformed and the Philippines underperformed ...
Authorities’ request for state-owned insurance companies and mutual funds to invest more in stocks got a lackluster market ...
The CSI300 Index has dropped roughly 5% since Trump won the election on Nov. 5 with a threat to impose steep tariffs of 60% ...
Chinese startup DeepSeek’s eponymous AI assistant rocketed to the top of Apple Inc.’s iPhone download charts, stirring doubts ...
China’s benchmark CSI 300 Index has dropped more than 2 per cent this year, even as the majority of global equities have ...
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