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Asian technology shares fell on Monday after concerns about global investment in artificial intelligence and the influence of the emerging Chinese company Deepseek.
The Japanese chips company Disco Corp and Advanstist, a partner of Invidia, fell 2.9 percent and 8.1 percent, respectively, while the leading SMI CEC fell 2.5 percent. Trading during the night in the United States indicated that NVIDIA, the leading artificial intelligence company, was about to open when it was closed on Friday.
The decreases come at a time when the markets absorbed Unexpected developments by the Chinese artificial intelligence company DeepseekWhich launched its model R1 last week, thus casting a shadow of huge capitalist spending in Silicon Valley and the sustainability of the technical superiority of the United States in artificial intelligence.
Mark Anderson, investment capital investor, wrote on the social networking site X: “Deepseek R1 is a moment of Sputnik for artificial intelligence”, comparing the release to the call of the Soviet Union in mode the first satellite in orbit.
The Deepseek app has reached the top of the U.S. App Store download plans on Monday. The small startup company claimed that it adopts competitive models with a limited budget, which prompted those who are aware of the industry to ask whether it is necessary Pour tens of billions of dollars In building artificial intelligence groups to train in large language models.
“It seems as if there is little of the reality that has emerged, which is that China did not stand idly by, even with the imposition of these definitions and investment restrictions on technology companies,” said Metol Kotisha, head of the overall economy and foreign currencies of emerging markets at Barclays Bank.
“The fact that they are able to achieve advanced technology has surprised many people. It seems that this is what leads the transformation in the morale today.
The Hang Sing Index in Hong Kong increased by 1.1 percent by midday, led by Chinese technology companies listed in the region, including Tinsight and Ali Baba. The shares of the Chinese IFLYTEK artificial intelligence company increased by 2.4 percent.
Talkio dealers said on Monday sales focused on shares such as Tokyo Electron and Fujikura, which has risen in recent months due to its great exposure to artificial intelligence investments.
“It is Deepseek for sure,” said one of the fund managers in Tokyo about the sudden decrease in Japanese technology shares. . Much less than current estimates.
Furukawa Electric, which manufactures the cables of data centers, has witnessed special gains in particular since November, but its shares declined by more than 9 percent on Monday, making it the biggest loser for the Nikai 225 standard index.
One of the largest clients in Japan said that it is difficult to determine the time the pain will continue, and whether this is the beginning of large -scale sale.
The source said that the Tokyo markets were expected to follow its counterparts in the United States when the latter was opened later in the day, but they added that some customers were using Deepseek news as an excuse to reap profits from the shares that were well performed since the beginning of the year. year.
Others pointed out that intensive sales in shares of major Japanese technology companies led to a wider decline in Japanese stocks. The Topics Index rose on Monday morning, as the market interacted with the percentage of last week, which is 0.25 percent High interest rate By the Bank of Japan.
The shares of the three largest banks in Japan – MUFG, SMFG, and Mezoho – increased by 2 percent amid expectations that increased interest rates will lead to stronger local profits.
