The U.S. and Russia are aiming to reach a deal to halt the war in Ukraine that would lock in Moscow's occupation of territory seized during its military invasion, Bloomberg News reported on Friday. U.S. and Russian officials are working towards an agreement on territories for a planned summit meeting between U.S. President Donald Trump and his Russian counterpart Vladimir Putin as early as next week, the report said, citing unnamed people familiar with the matter. A White House official said the Bloomberg story was speculation. A Kremlin spokesperson did not respond to a request for...
US stocks plunged on Monday (1/27), with the S&P 500 down 1.8%, the Dow Jones down about 207 points and the Nasdaq nearly 3%, driven by growing concerns about US dominance in AI. The latest AI model from Chinese startup DeepSeek, which has been praised for its cost-effectiveness and ability to run on less advanced chips, attracted significant attention as its AI Assistant overtook ChatGPT to become the top-rated free app on the US Apple App Store. The technology sector was by far the worst performer. Nvidia plunged more than 10%, Broadcom slumped 11.5% and Micron Technology lost more...
European stocks slumped on Monday (27/1) as the technology sector tracked a rout in other markets after China's improved low-cost, low-power artificial intelligence (AI) models fueled concerns about rivals' profits and the need for expensive technology. The pan-European STOXX 600 (.STOXX) was down 0.7% by 0815 GMT. U.S. Nasdaq Composite futures fell 3.1%, while S&P 500 futures fell 1%. Startup DeepSeek has launched a free assistant that it says uses low-cost chips and less data, appearing to challenge widespread bets in financial markets that AI will drive demand along the supply chain...
The Hang Seng rose 132 points, or 0.7%, to close at 20,198 on Monday (1/27), gaining for a second session amid broad gains. Positive sentiment was supported by news that the US and Colombia have averted trade tensions, as the White House confirmed that Bogota has agreed to all conditions set by President Trump in the migrant dispute. Adding to the upbeat mood, three Chinese insurance companies received regulatory approval to invest CNY 52 billion in stocks. Furthermore, excitement around DeepSeek, a Chinese AI with a cost-saving model, increased, sending tech stocks such as Kuaishou Tech...
Japanese stocks fell after the close on Monday (1/27), as losses in the Precision Instruments, Automobiles & Parts and Gas & Water sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.83%. The best performers on the Nikkei 225 were Keio Corp. (TYO:9008), which rose 6.23% or 231.00 points to trade at 3,938.00 at the close. Meanwhile, Taiheiyo Cement Corp. (TYO:5233) gained 5.53% or 209.00 points to close at 3,987.00 and KDDI Corp. (TYO:9433) gained 4.81% or 234.00 points to 5,103.00 in late trade. The worst performers during the session were Furukawa Electric...
Hong Kong's stocks climbed 192 points or nearly 1% to 20,254 around noon on Monday, increasing for the second session and notching their highest level in two weeks as all sectors gained. Traders were upbeat after Bloomberg News reported that the US held off on Colombia tariffs after the South American country agreed to all of President Trump's terms in migrant dispute. A surge of 11% yoy in Chinese industrial profits for December also buoyed sentiment, as it marked the first rise since July even as they recorded the third consecutive year of drop. Limiting further gains was a slump in US...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
New Delhi has put on hold its plans to procure new U.S. weapons and aircraft, according to three Indian officials familiar with the matter, in India's first concrete sign of discontent after tariffs...