Chinese AI DeepSeek Crashed Stock Markets, Company News and Geopolitics
Stock market news
• Very bad economic news from China caused a shock in Asian trading. Therefore, in the morning we see a sharp drop in US stock index futures (by 1-2%). Industrial metals, oil and agricultural products are also falling by 1-2% - everywhere where the influence of Chinese industrial demand is noticeable. US 30-year government bonds are growing by 0.6%. The dollar and yen are strengthening slightly as safe havens. Bitcoin is falling by 3-4%. The tech Nasdaq-100 is under more pressure than Value stocks due to high P/E growth stocks and the threat of AI to US stocks from the...