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 ...
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 ...
Chinese startup DeepSeek’s eponymous AI assistant rocketed to the top of Apple Inc.’s iPhone download charts, stirring doubts ...
On Monday, Hong Kong-listed growth stocks had a strong day, as the Hang Seng Index gained +1.75% and the Hang Seng Tech Index ...
China’s benchmark CSI 300 Index has dropped more than 2 per cent this year, even as the majority of global equities have ...
China's financial regulators on Thursday unveiled a slew of measures to urge large state-owned mutual funds and insurers to ...
President Trump's call at Davos for cuts to US interest rates, oil prices, and taxes spurred investor optimism for his ...
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