Asian shares fell with US -based shares for Chinese AI pressure; dollar companies Reuters

Author: Kevin Buckland

Tokyo (Reuters)-Fans of US shares and Asian shares outside China fell on Monday, while investors were considering the implications of launching a free artificial intelligence model of open code by Chinese startup Deepseek that will compete with Openi Chatgpt.

In the meantime, the dollar has grown after US President Donald Trump struck Colombia with ventika levies and sanctions on the rejection of military aircraft transporting deported migrants.

US Termal prices fell 1.8% of 0158 GMT and sank 0.9%.

dropped 0.3%, canceling the initial progress. The reference value of New Zealand’s shares slid 0.6%and the Singapore Times index lost 0.2%.

At the same time, Hong Kong strengthened 0.9%and blue chips in the mainland added 0.2%, even after the data showed a surprising reduction in production this month.

Deepseek “awakened the Avet disorders in the technological landscape, and his appearance suggests that China can continue to progress in the AI ​​race despite US limitations,” YAP Jun Rong, a strategist at IG, wrote in a note.

This seems to “be concerned about the technological dominance of the US”, recurring “a high assessment of technological companies under the magnifying glass,” he said.

In the currency, the dollar jumped 0.3% compared to the dollar in offshore trade, and strengthened 0.4% compared to the dollar and 0.5% compared to the New Zealand dollar, with anti -inflammatory currencies that act as more liquid substitutes for the Chinese currency because of close trade connections.

The Mexican Peso fell 1%and the Canadian dollar is 0.3%, although the Colombian Peso strengthened 1.2%.

The power of dollar transient

China, Mexico and Canada are facing a nervous waiting with Trump, which he ordered last week on February 1st for additional customs duties for the main trade partners of the United States.

However, Nomura’s strategist Naka Matsuzawa expects to strengthen dollars because of the customs dollar.

“As a trend, Trump takes up a more realistic, less aggressive attitude about customs,” Matsuzawa said.

“Conclusion: Trump doesn’t want a big customs because he’s worried about inflation,” he said. “The dollar will be weaker overall.”

Trump calmed the market concerns last week, saying he wanted to avoid customs duties for China and said he could achieve a trade agreement.

Volatility among the classes of assets begins a key week for markets in which the Federal Reserves and the European Central Bank – among others – will determine monetary policy.

At the same time, many stock exchanges have extended the holidays for the Lunar New Year this week. Among them, South Korea is closed on Mondays and Tuesdays, while Taiwan has been closed all week. The continental cinema is Tuesday to Wednesday next week. Australia was closed on Monday due to Australia Day.

In the meantime, prices have fallen after Trump repeated his call to OPEC on Friday to reduce oil prices.

Faulments fell 1.2% to $ 77.60 per barrel, while US West Texas Intermediate oil lost $ 1.2% to $ 73.78 per barrel.

Gold sank 0.6% to $ 2755.85 per ounce.

The leading cryptocurrency of Bitcoin slid 3.5% at $ 101,415.12.