{"id":69012,"date":"2025-01-28T18:28:40","date_gmt":"2025-01-28T07:28:40","guid":{"rendered":"https:\/\/www.icmarkets-vni.com\/blog\/?p=69012"},"modified":"2025-08-06T18:33:11","modified_gmt":"2025-08-06T08:33:11","slug":"tuesday-28th-january-2025-global-markets-react-to-tech-sell-off-and-ai-disruptions","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/tuesday-28th-january-2025-global-markets-react-to-tech-sell-off-and-ai-disruptions\/","title":{"rendered":"Tuesday 28th January 2025: Global Markets React to Tech Sell-Off and AI Disruptions"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei down 1.65%, Shanghai Composite down 0.06%, Hang Seng up 0.34% ASX down 0.12%<\/li>\n\n\n\n<li>Commodities : Gold at $2774.35 (0.26%), Silver at $30.65 (0.38%), Brent Oil at $76.59 (0.49%), WTI Oil at $73.54 (0.43%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.553, UK 10-year yield at 4.585, Germany 10-year yield at 2.5030<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(USD) New Home Sales&nbsp; 698K vs 669K expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Hong Kong stocks rose Tuesday, with the Hang Seng Index gaining 0.14%, following a sharp tech sell-off on Wall Street. Several Asia-Pacific markets, including China, Taiwan, and South Korea, remained closed for the Lunar New Year holiday.<\/p>\n\n\n\n<p>Japan\u2019s Nikkei 225 fell 1.34%, while the Topix traded flat. Japanese chip stocks continued to decline amid concerns over Chinese AI startup DeepSeek challenging U.S. dominance in artificial intelligence. Advantest dropped 11%, Tokyo Electron lost 4.88%, and Renesas Electronics fell 3.07%. Meanwhile, India\u2019s Nifty 50 and BSE Sensex opened higher, gaining 0.36% and 0.54%, respectively, as the Reserve Bank of India announced over $17 billion in liquidity measures, including bond purchases and currency swaps.<\/p>\n\n\n\n<p>Australia\u2019s S&amp;P\/ASX 200 declined 0.12% to 8,399.1, as losses in gold miners, energy, and tech stocks offset gains in iron ore miners and financials. In the U.S., the Nasdaq Composite tumbled 3.07% to 19,341.83, and the S&amp;P 500 fell 1.46% to 6,012.28, amid fears of an AI stock bubble bursting due to DeepSeek\u2019s competitive AI model. However, the Dow Jones gained 289.33 points (0.65%) to 44,713.58, supported by Apple, Johnson &amp; Johnson, and Travelers.<\/p>\n\n\n\n<p>Nvidia suffered a historic loss, shedding nearly $600 billion in market cap on Monday\u2014the largest single-day decline for any U.S. company.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>03:00 PM GMT &#8211; USD CB Consumer Confidence<\/li>\n\n\n\n<li>03:00 PM GMT &#8211; USD Richmond Manufacturing Index<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Hong Kong stocks rose [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":71231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-69012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/69012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/comments?post=69012"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/69012\/revisions"}],"predecessor-version":[{"id":69017,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/69012\/revisions\/69017"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/71231"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=69012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=69012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=69012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}