Wednesday, 29 January, 2025

DeepSeek Hype Sparks Unfounded Rally In Chinese Stocks

A surge in excitement around DeepSeek, a Chinese AI firm, led to a sudden but baseless rally in several Chinese stocks. Investors speculated on potential breakthroughs, causing sharp price increases despite no concrete developments. Market analysts warn of volatility, emphasizing the risks of speculative trading fueled by AI-related optimism. The incident highlights the unpredictable impact of AI hype on global financial markets.