Euphoria continues over DeepSeek’s potential in the artificial intelligence sector
Global markets were mixed on Friday amid a surge in China led by Alibaba stock, as euphoria continued over DeepSeek’s potential in the artificial intelligence sector.
A weak yen is a boon for some export-reliant manufacturers in Japan. In currency trading, the U.S. dollar rose to 150.42 Japanese yen from 149.53 yen. The euro cost $1.0482, down from $1.0500. “A variety of factors have market expectations pivoting toward rate hikes: recent hawkish comments from BoJ officials; stronger-than-expected GDP data; and a rising CPI,” said Min Joo Kang, senior economist at ING Economics.
Marketupdate Tsx Stocks Equities S&P Dow Jones Oil Banks Wall Street
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Premarket: Stocks ease as AI euphoria wanes; U.S dollar wilts without tariff bumpMomentum from Trump’s US$500-billion private-sector AI infrastructure investment plan fades
Read more »
Premarket: Global stocks gain after Trump comments on tariffs, oil, ratesU.S. dollar set for worst weekly loss in two months
Read more »
Premarket: Nasdaq futures tumble as China’s AI push rattles Big TechStartup DeepSeek sparks drop in megacaps
Read more »
Premarket: U.S. stock futures, greenback stumble as China quickly hits back at tariffsMarkets on edge although Monday’s big moves unwound
Read more »
Trade war or not, global investors turn even more cautious on ChinaMost are trying to avoid exposure to tariff-sensitive sectors
Read more »
US-China Trade War Heats Up as Trump Imposes Tariffs, China RetaliatesThe US-China trade war escalates as President Trump implements 10% tariffs on all Chinese imports. China responds with targeted tariffs and potential sanctions against US companies. The possibility of a call between Trump and President Xi Jinping to de-escalate the situation remains uncertain.
Read more »