Image: ChinatechnewsUS stock futures, Asian markets down on concerns over Chinese AI advances - ChinaTechNews.com
β’ US stock futures and Asian markets fell sharply on Friday following reports of significant technological breakthroughs by a Chinese artificial intelligence company. β’ Market impacts were severe in Asia, with South Korean and Taiwanese indexes dropping over 6% and Japanese markets closing down 4%. β’ Nasdaq futures declined 1.6%, reflecting investor anxiety similar to January 2025 when DeepSeek's AI model challenged the perceived dominance of US technology.
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