Technology stocks led gains in Asia-Pacific markets on Wednesday, mirroring Wall Street's rally as concerns eased over the emergence of a low-cost Chinese AI model. Investors reconsidered the impact of DeepSeek’s AI, suggesting it may lack the scalability to disrupt the industry while potentially boosting demand for GPUs.
Japan's Nikkei gained 0.5%, snapping a three-day losing streak. Australia's ASX 200 climbed 0.8%, with tech stocks surging 2.2%. U.S. futures dipped slightly after the S&P 500 and Nasdaq rose 0.9% and 2% overnight, rebounding from a previous 3% drop triggered by concerns over Nvidia’s valuation.
Investors are now eyeing earnings reports from Meta (NASDAQ:META), Microsoft (NASDAQ:MSFT), and Tesla (NASDAQ:TSLA), with questions surrounding AI-driven computing costs. The Federal Reserve's policy decision is also in focus, though rates are expected to remain unchanged.
The U.S. dollar stayed firm as traders rotated back from safe-haven currencies. The dollar index held at 107.91, while the yen weakened to 155.66 per dollar. The offshore yuan remained stable at 7.2763 per dollar. The Australian dollar dropped 0.4% to $0.6229 after weaker-than-expected inflation data raised rate cut expectations.
Oil prices held gains, with Brent crude at $77.47 per barrel and WTI at $73.82. Traders also monitored renewed U.S. tariff concerns after the White House reaffirmed plans for levies on Canada and Mexico, while weighing potential new tariffs on China.
Trading was thin due to Lunar New Year holidays in China, Hong Kong, Taiwan, Singapore, and South Korea.


Investors Brace for Market Moves as Trump Begins Second Term
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Wall Street Banks Plan to Sell $3 Billion of Elon Musk’s X Debt
UK Economy Sees Marginal Growth Amid Tax Hikes and Business Caution
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts
Rupee Marginally Weaker Amid Dollar Demand and RBI Intervention
Gold Prices Rise as Markets Await Trump’s Policy Announcements
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Tempus AI Stock Soars 18% After Pelosi's Investment Disclosure
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
U.S. Condemns China's Dominance in Global Shipbuilding and Maritime Sectors
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Stock Futures Slip as Amazon Tumbles on Weak Outlook, Eyes on Jobs Data 



