Asian shares rose partly on optimism about artificial intelligence in China, defying broader market caution after a last-minute deal reversed Donald Trump’s decision to impose tariffs on Colombia. Shares advanced in Japan, Hong Kong and mainland China, with Chinese tech firms linked to DeepSeek’s business model rallying after the AI startup gained traction. In contrast, US futures slid amid concerns that the Chinese app may disrupt US technological leadership. The dollar rose along with Treasuries, even after the White House said Trump will hold off on imposing threatened tariffs and sanctions on Colombia following a bilateral agreement on the return of deported migrants. “DeepSeek shows that it is possible to develop powerful AI models that cost less,” said Vey-Sern Ling, managing director at Union Bancaire Privee. “It can potentially derail the investment case for the entire AI supply chain, which is driven by high spending from a small handful of hyperscalers.” Despite the enthusiasm about China’s AI breakthrough, broader investor mood in other asset classes has soured as Trump’s latest success in pressuring Colombia to accept his demands may reinforce concerns that he will weaponize tariffs to achieve other policy agendas. It also threatens to derail last week’s global market rebound after he avoided placing immediate levies on goods from Mexico, Canada and China, which initially assuaged fears of an imminent global trade war. Elsewhere, China’s factory activity unexpectedly slowed ahead of China’s Lunar New Year holiday and the services sector cooled, signs stronger fiscal stimulus is needed even after a recent stimulus push. Markets in Taiwan, South Korea, and Australia are closed for a holiday Monday. In commodities, oil fluctuated as investors reacted to rapid-fire moves on trade by the Trump administration. Gold slipped but remained not far from a record high. Later this week, the US central bank is widely expected to hold interest rates steady at the end of its two-day meeting on Wednesday, marking the first pause in the rate-cutting cycle it kicked off in September. The US economy remains strong with robust employment growth and the decline in inflation has slowed, “there is therefore no need to cut interest rates urgently,” ANZ Group Holdings Ltd. economists including Sharon Zollner wrote in a note to clients. “In addition, yet-to-be-confirmed US trade and tariff policy, federal government efficiency drives, re-focused energy policy and deregulation all hold implications for growth and inflation. This justifies FOMC caution.”
Nikkei -0.88% Hang Seng +0.91% CSI +0.06% Shanghai +0.34% Shenzen -0.62%
Eur$ 1.0463 CNH 7.2696 CNY 7.2662 JPY 156.06 GBP 1.2458 CHF 0.9067 RUB 97.80 TRY 35.7195 WTI$ 73.99 -0.91% Gold 2,753 -0.62% BTC 99,195 -5.12% ETH 3,098 -6%
S&P -1.40% Nasdaq -2.41% EuroStoxx -1.10% FTSE -0.75% Dax -0.79% SMI -0.48%
Macro :
- Trump to Hold Off on Colombia Tariffs After Deal on Migrants
- *MUSK EXPLORING BLOCKCHAIN USE IN US GOVERNMENT EFFICIENCY PUSH
- Italy Says Paschi’s Mediobanca Bid Is in the Country’s Interest
- Banks Prepare to Sell as Much as $3 Billion of X Buyout Debt
- Blackstone’s Schwarzman stirs London art market with record purchases
- Blackstone’s Schwarzman stirs London art market with record purchases
- Trump Says California Must Change Policies or Risk Fire Aid
- China to Strengthen Telecom, Internet Regulation to Curb Fraud
- Lutnick Discloses 800 Firms in Complex Billionaire Ethics Filing
- NATO Plans to Share Classified Information With Industry, EU
- Wall Street’s Big Hope Is Trump Pulls His Punches on Immigration
- DeepSeek Shakes Up Stocks as Traders Fear for US Tech Leadership
Keep an eye on :
Keep an eye on :
- AF FP : Portugal Insists TAP Must Keep Lisbon Hub, Key Routes, TSF Says
- AKER NO : Akero Rises on Plans to Share Drug-Study Results on Monday
- AAPL US : Apple Tests Key Technical Level Amid Worst Start Since 2008
- AAPL US : Apple Enlists Veteran Software Executive to Help Fix AI Efforts
- BAS GY : BASF Earnings Drop on Battery Impairments, Restructuring Costs
- BAS GY : BASF Prelim FY Sales About EU65.3B, Est. EU65.34B
- BGN IM : Banca Generali to Hold ~95% of Intermonte Shares After Tender
- BECN US : *QXO PLANS TO LAUNCH HOSTILE BID FOR BEACON ROOFING SUPPLY: WSJ
- BX US : Blackstone’s Schwarzman stirs London art market with record purchases
- BN CN : Brookfield Invests $1.6 Billion in Japan Property, Luxury Hotel
- BVI FP : Bureau Veritas, SGS End Talks For $33 Billion Combination
- CPRI US : Marco Bizzarri Said Among Those Eyeing Versace in Competitive Sale Process
- DEC LN : *Diversified Energy Is Nearing Deal for Maverick Natural Resources, Sources Say -- WSJ
- DOCS LN : Dr Martens Keeps Expectations Unchanged
- EDF FP : EDF, PGE CEOs Discuss Options for Nuclear Power Cooperation
- EQNR NO : Equinor Shuts Troll B Output in North Sea Due to Storm, BT Says
- GALP PL : Portugal’s ENSE Says Gasoline Consumption Rose 12% in December
- G IM : Banca Generali to Hold ~95% of Intermonte Shares After Tender
- HEI GY : Heidelberg Materials Investor Raised Voting Rights to 5.46%
- INGA NA : ING’s CEO Uses Stringent Test for M&A While Diversifying Lender
- BAER SW : Julius Baer Chairman Romeo Lacher Won’t Stand for Re-Election
- KALMAR FH : Nasdaq Adds Kalmar to OMX Helsinki 25 Index, Removes Metsa Board
- LHA GY : Portugal Insists TAP Must Keep Lisbon Hub, Key Routes, TSF Says
- MC FP : Prada +2.84%
- MB IM : Italy Says Paschi’s Mediobanca Bid Is in the Country’s Interest
- MB IM : Mediobanca Readies Its Defenses After Unsolicited Bid by Paschi
- BMPS IM : Monte Paschi ‘Unthinkable’ Move on Larger Rival Stuns Italy
- KTM AV : Motorbike Maker KTM’s Lenders Resist Debt Proposal With New Plan
- METSB FH : Nasdaq Adds Kalmar to OMX Helsinki 25 Index, Removes Metsa Board
- NEE US : NextEra Energy Rises on on Backed View, Nuclear Plant Effort
- 7201 JP : Nissan Looks to Trump-Proof North American Production Plans
- 7201 JP : Nissan Looks to Trump-Proof North American Production Plans
- PARA US : Paramount Rises on Report of $19/Share Bid From Project Rise
- 1913 HK : Prada: Thriving In Turbulence With Miu Miu's Momentum, A Sustainable Stitch Or Fashion Fad? +2.84%
- PSM GY : ProSieben Supervisory Board Chairman Andreas Wiele to Step Down
- PSH NA : Pershing Square Holdings, Ltd. Announces Transactions in Own Shares - 24 January 2025
- PFE US : Pfizer Settles Nurtec Kickback Case With DOJ for About $60m
- QXO US : Beacon Is Said to Seek Potential Rivals to QXO Takeover Bid
- RATOB SS : Ratos Hires Carnegie to Find Buyer for Airteam, Borsen Says
- REP SM : Repsol Plans to Invest About €4B in Data Centers: Expansion
- ROG SW : Roche’s Elevidys Shows Benefits After Two Years
- RYA ID : Ryanair 3Q Revenue Beats Estimates
- 9984 JP : 'Japan's SoftBank To Sound Out Apollo, Brookfield On Stargate Funding' - Nikkei
- STM GY : Stabilus 1Q Adjusted Ebit Misses Estimates
- SBUX US : Starbucks Says CEO Niccol 2024 Total Compensation $95.8m
- SMWH LN : WH Smith Is Exploring Potential Sale of High Street Business
- SNBN SW : SNB Says Romeo Lacher Will Step Down From Bank Council
- X US : Activist Ancora Seeks US Steel Board Revamp, End of Nippon Deal