US, Europe share markets stabilise in nervy trading after DeepSeek selloff

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US, Europe share markets stabilise in nervy trading after DeepSeek selloff - Business Standard

Quick Summary:

Behind the rout was the emergence of a low-cost Chinese artificial intelligence model that made investors question the dominance of AI bellwethers and their suppliers, which have sent shares of tech names and chip firms soaring.

While the emergence of DeepSeek, a little-known startup from Hangzhou, China, gave investors something to think about other than President Donald Trump's policies particularly on tariffs, trade tensions remained in the mix, and also supported the dollar.

European benchmark, the German 10 year Bund yield rose 2 bps to 2.55 per cent, and the broad European share benchmark the Stoxx 600 rose 0.5 per cent.[GVD/EUR] [.