TOKYO: Japanese tech stocks fell on Tuesday (Jan 28) following a plunge in US tech stocks driven by the emergence of a
Wall Street is in turmoil with US tech giants bracing for significant losses as the stock market plummeted this morning, following the unexpected emergence of a Chinese rival in the AI chatbot space.
DeepSeek topped the Apple App Store chart and sparked fears the Chinese company was quickly catching up with OpenAI's ChatGPT while costing far less.
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.
Markets in South Korea, Shanghai markets and other parts of the region were closed for holidays. Among technology companies in Japan, SoftBank Group Corp. stock extended its losses, plunging 6%. Hitachi Ltd.
TOKYO, Jan. 29 (Xinhua) -- Tokyo stocks rebounded on Wednesday, tracking gains in the U.S. stock market, although caution remained ahead of the U.S. Federal Open Market Committee (FOMC) meeting. The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed up 397.91 points, or 1.02 percent, to end at 39,414.78.
Japan's Nikkei 225 futures pointed to a stronger open for the market. The futures contract in Chicago is currently at 40,260 and its counterpart in Osaka last traded at 40,480 compared to the index's previous close of 39,931.98.
Tokyo stocks ended mixed Monday as banks lifted on hopes for improved profits, while technology issues dropped on fears that U.S. dom
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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
Global technology shares recovered some poise on Tuesday but remained vulnerable after a rout sparked by the emergence of a low-cost
Global chip stocks slumped Monday on DeepSeek revealing it had developed AI models that nearly matched American rivals despite using inferior chips.