Reported 1 day ago
Asian stocks rallied on Wednesday as market anxiety over the Chinese AI company DeepSeek waned, with investors looking forward to the Federal Reserve's rate decision later in the day. While most Asian markets were closed for Lunar New Year, the Nikkei 225 and Australia's S&P/ASX 200 experienced gains. In the U.S., major tech stocks rebounded after recent losses, highlighting mixed sentiments around AI investments amidst predictions of potential shifts in spending due to DeepSeek's announcement of a competitive language model.
Source: YAHOO