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GLOBAL MARKETS - Tech Stocks, Dollar Rebound after DeepSeek-Triggered Selloff

January 29, 2025, 05.37 AM | Source: Reuters
GLOBAL MARKETS - Tech Stocks, Dollar Rebound after DeepSeek-Triggered Selloff

ILUSTRASI. European tech stocks stabilized on Tuesday and the broad STOXX 600 share benchmark hit a new intraday high, a sign of how strongly shares have been performing in recent weeks.

GLOBAL MARKET - LONDON. Technology stocks regained ground on Tuesday, a day after a low-cost Chinese AI model rattled markets, while traders rotated back into the dollar from safe-haven currencies. 

The tech rebound boosted Wall Street's main stock indices, with Nasdaq adding about 2% and chip giant Nvidia up 9%. The S&P 500 gained about 0.9% and the Dow Jones Industrial Average rose 0.3%. Nasdaq shares tumbled on Monday as Nvidia fell 17%, losing nearly $593 billion of its value in the biggest one-day market capitalization loss in history. 

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