TOKYO: Japanese tech stocks fell sharply for a second day running on Tuesday (Jan 28) following a plunge in US tech stocks driven by the emergence of a
SoftBank Group CEO Masayoshi Son is shifting his focus away from investments in China and toward the US, as seen with his involvement with President Donald Trump and the recently announced Stargate.
Chinese startup DeepSeek has shaken the belief that only a few firms with huge budgets can compete in the artificial intelligence field — potentially challenging an investment case that rewarded the biggest players with rich valuations.
Tech stocks, including Nvidia and Microsoft, drop as China's DeepSeek AI disrupts the market, raising concerns over U.S. dominance in the AI sector.
In international markets, chipmaking and electrification companies saw pressure on the fears over the DeepSeek AI service. SoftBank -- the company that said it would fund up to $500 billion in AI infrastructure as well as the main shareholder of microchip designer ARM -- saw its stock dive 8%.
Investors will be looking out for Malaysia’s central bank policy meeting today, where it’s expected to keep its policy rate steady at 3%.
World shares are mixed after China rolled out more moves to boost its lagging stock markets. Hong Kong fell while Shanghai's benchmark gained 0.5%. Officials in Beijing said pension funds
Nvidia's market value dropped more than $500bn after the emergence of DeepSeek - a low-cost chatbot built by a Chinese AI firm.
MIAMI: US President Donald Trump said on Monday (Jan 27) the low-cost Chinese AI model DeepSeek was a "wake up call" for US firms, after its emergence caused a rout in tech shares.
Most Asian shares dropped following a bruising session on Wall Street caused by fears the valuation of artificial-intelligence companies had become excessive. The MSCI Asia Pacific Index slipped as much as 0.
Japanese tech firms sank Tuesday after a sell-off in US titans following news of China's DeepSeek chatbot, while the dollar rallied on a report saying Washington was considering universal tariffs on a range of goods.