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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
Australia's export price index rose 3.6%, while its import price index advanced 0.2% in the fourth quarter of 2024.
Asian stocks traded flat-to-lower on Tuesday, led by a sharp decline in Japanese markets as chipmaking stocks took a hit. Concerns emerged over DeepSeeks new AI model, which rivals advanced AI technologies like ChatGPT
Asian stocks mostly rose in thin holiday trade on Thursday as investors digested broadly positive tech earnings from the U.S. and
Nasdaq futures slumped and technology shares slid in Japan on Monday as surging popularity of a Chinese discount artificial intelligence model wobbled investors' faith in the profitability of AI and the sector's voracious demand for high-tech chips.
Asian stock markets showed mixed results on Tuesday during the low-volume Lunar New Year trading. This followed a steep decline in tech <a target=_b
U.S. President Donald Trump plans to impose tariffs on imported computer chips, pharmaceuticals and steel, he said on Monday, to push companies to manufacture more in the United States.
Australia's export price index rose 3.6%, while its import price index advanced 0.2% in the fourth quarter of 2024.
Economists polled by Reuters expect Australia's inflation to rise 2.5% in the 12 months to the December quarter, from 2.8% in the previous year.
Japanese technology shares fell on Tuesday as a global market rout sparked by the emergence of a low-cost Chinese artificial intelligence model entered day two, with investors questioning the sky-high valuation and dominance of AI bellwethers.
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, with most