As AI Trades Under Pressure Once More Asian Stocks Decline – Asia Market Wrap
Asian markets fell on Friday, weighed down by concerns about DeepSeek’s impact on the AI business. US futures rose following strong reports from Apple.
A barometer of the region’s equities reversed a two-day advance, with SK Hynix and Samsung plunging in delayed reaction to AI stock selling as the nation’s markets reopened following the Lunar New Year vacations. The former is a major supplier to Nvidia, whereas Samsung’s primary semiconductor section posted a lower-than-expected profit. The markets in mainland China, Hong Kong, and Taiwan remain closed.
The Dollar climbed against the majority of its Group of 10 counterparts as Trump prepares to impose his first round of tariffs on Saturday. Treasuries fell, as the Yen erased early gains ahead of BoJ’s Ueda’s presentation before parliament.
Gold remained stable after reaching a new high of $2,795 per ounce on Friday. It’s on course to be the greatest month since March. Oil prices also increased, with WTI trading about $73 per barrel.