Tokyo stocks opened higher Wednesday, lifted by Wall Street gains overnight as concern eased over the adverse impact of a low-cost artificial intelligence model developed by a Chinese startup. In the first 15 minutes of trading,
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.
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
The S&P 500 dropped 1.7 per cent, and the Nasdaq 100 slipped 3.1 per cent. With big tech stocks crashing, US stocks were set for their worst day since the last US Federal Reserve policy verdict roiled
Wall Street is pointing slightly lower in early trading but is on track to close the week with solid gains on healthy quarterly earnings reports from large U.S. corporations.
Monday's selloff was the result of a free AI assistant launched by Chinese startup DeepSeek, which had claimed that its models use less data at a fraction of the cost of services currently available. Even though there was scepticism over DeepSeek's cost claims, OpenAI CEO Sam Altman called it an "impressive model".
U.S. stock indexes are rallying toward the close of their best week in two months. The S&P 500 rose 1.1% Friday.
A Chinese company called DeepSeek said it had developed a large language model that can compete with U.S. giants at a fraction of the cost.
Tokyo stocks opened higher Friday after an overnight rise on Wall Street, but gains were limited as investors were cautious ahead of
Nvidia and other U.S. tech stocks are holding a bit steadier after tumbling the day before on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured
Tokyo-listed companies linked to the AI sector tanked for a second straight day as investors tracked a rout on Wall Street that saw Nvidia Corp crumble 17 percent, wiping more than half a trillion dollars off its market capitalization.