The term contracts on American actions and Asian actions outside China fell on Monday, investors weighing the implications of the launch by the Chinese startup Deepseek of a free and open-source artificial intelligence model to compete with the chatgpt OPENAI.
At the same time, the dollar increased after US President Donald Trump inflicted Colombia with retaliatory taxes and sanctions for refusing a military plane carrying expelled migrants.
The American term contracts on the Nasdaq Composite fell 1.8 % to 0158 GMT and the term contracts on the S&P 500 dropped by 0.9 %.
The Japanese Nikkei fell 0.3 %, reversing a first increase. The reference index of New Zealand actions slipped by 0.6 % and the Singapore Times Straits index lost 0.2 %.
In useful time, the Hang Seng of Hong Kong straightened up 0.9 % and the Blue Chips on the continent increased by 0.2 %, even after the data showed a surprise contraction of the manufacturing industry this month -ci.
Deepseek “has resurfaced the spectrum of disruptive in the technological landscape, its emergence suggesting that China can continue to progress in the race for AI despite American restrictions,” wrote Yeap Jun Rong, strategist at IG, in a note .
This “seems to arouse concern about the domination of the United States in the field of technology”, which questions “the high valuations of technological companies,” he added.
Regarding currencies, the dollar increased by 0.3 % compared to the Chinese yuan in offshore exchanges, and increased by 0.4 % compared to the Australian dollar and 0.5 % compared to the neo dollar -zélandais, the currencies of antipodes tend to act as more liquid substitutes for Chinese currency due to close commercial links.
The Mexican peso dropped by 1 %and the Canadian dollar fell 0.3 %, although the Colombian Peso has straightened 1.2 %.
The strength of the dollar is ephemeral
China, Mexico and Canada are in expectation, because Trump announced last week that it would impose additional customs duties on the main trade partners in the United States from February 1.
-However, Naka Matsuzawa, strategist at Nomura, believes that the vigor of the dollar due to concerns about customs duties will be ephemeral.
“The trend is that Trump adopts a more realistic and less aggressive position on customs duties,” said Matsuzawa.
“In summary, Trump does not want important customs duties because he does not intend to impose them: Trump does not want high tariffs because he is worried about inflation”, he added. “The dollar will be generally lower.
Last week, Trump appeared market worries by declaring that he wanted to avoid customs duties on China and that he could reach a trade agreement.
The volatility of the various asset classes marks the start of a crucial week for the markets, during which the Federal Reserve and the European Central Bank, among others, will define their monetary policy.
At the same time, many scholarships have extended their vacation this week for the Lunar New Year. Among them, South Korea is closed on Monday and Tuesday, while Taiwan is closed all week. Continental China is absent from Tuesday to Wednesday next week. Australia is closed on Monday on the occasion of Australia Day.
Meanwhile, crude oil prices have dropped after Mr. Trump reiterated his call to OPEC on Friday to reduce oil prices.
The term contracts on the Brent fell by $ 1.2% to $ 77.60 a barrel, while the American crude West Texas Intermediate lost $ 1.2% to 73.78 Dollars per barrel.
Gold dropped by 0.6% to 2,755.85 dollars perce.
The main cryptocurrency, Bitcoin, slipped 3.5 % to 101,415.12 dollars.
