Stocks rise on bets investors will look for cheaper options after DeepSeek’s popular low-cost AI model sparked a US$1 trillion tech rout.
The uncertainty in China brings good opportunities, says the fund manager of Chinese Asset Manager Fullgoal. Stocks of securities brokers trade at attractive valuations.
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The chaos of the TikTok ban is currently unfolding across the US with the app banned either temporarily or permanently depending on how all this plays out.
It was a quiet night as DeepSeek was by far the topic du jour in the region, though Mainland China (closed until next Wednesday), Indonesia (closed until Thursday), Malaysia (closed until Friday), and Taiwan (closed until next Monday) were closed for Chinese New Year while South Korea is closed until Friday for Korean New Year.
So much for the quiet pre-holiday trading session as Asian equities were mixed though Australia was closed for Australia Day, Indonesia was closed for Al Isra’ wal-Mi’raj, South Korea was closed for the Korean New Year,
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to regain ground following the
Chinese stocks have been a money pit for the past few years. But for investors willing to look past the wreckage, some companies are giving back. The domestic Chinese stock market remains a shadow of its former self,
Investing.com-- Leading Chinese internet stocks such as Tencent Holdings Ltd (HK: 0700 ), Alibaba (NYSE: BABA) Group Holding Ltd (HK: 9988 ), and Baidu (NASDAQ: BIDU) Inc (HK: 9888) experienced notable gains, driven by speculation surrounding advancements from AI startup DeepSeek.
New shades of capitalism are emerging in China's tuckered out stock market as companies, at Beijing's behest, buy back their shares and pay record dividends to investors lying in wait for a so-far evasive rebound.
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.
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