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MNI ASIA MARKETS ANALYSIS: New Competition Among AI Developers

HIGHLIGHTS

  • Chinese AI startup "DeepSeek" rattled markets Monday, the tech heavy Nasdaq -3.65% as leading chip maker stocks tumbled as 25%, in turn spurring heavy risk-on support in rates (TYH5 trading 2.45M after the bell).
  • Broad risk-off trade dominated global markets on Monday, prompting notorious safe havens within G10 FX to outperform, while risk sensitive currencies bore the brunt of the waning sentiment.
  • WTI has slumped today, as energy markets trade lower in conjunction with the decline in equity markets, following DeepSeek’s Chinese rollout that has undermined US tech stocks.
DB 01272025


MNI US TSYS: China AI Startup DeepSeek Rattles Broader Markets

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HIGHLIGHTS

  • Chinese AI startup "DeepSeek" rattled markets Monday, the tech heavy Nasdaq -3.65% as leading chip maker stocks tumbled as 25%, in turn spurring heavy risk-on support in rates (TYH5 trading 2.45M after the bell).
  • Broad risk-off trade dominated global markets on Monday, prompting notorious safe havens within G10 FX to outperform, while risk sensitive currencies bore the brunt of the waning sentiment.
  • WTI has slumped today, as energy markets trade lower in conjunction with the decline in equity markets, following DeepSeek’s Chinese rollout that has undermined US tech stocks.
DB 01272025


MNI US TSYS: China AI Startup DeepSeek Rattles Broader Markets

Keep reading...Show less