Japan stocks fall after AI sell-off fueled by China’s DeepSeek drags Wall Street lower

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Japan stocks fall after AI sell-off fueled by China’s DeepSeek drags Wall Street lower

The momentum in Japan markets were largely driven by the country’s technology and financial sector. 

Doctoregg | Moment | Getty Images

Japan’s stocks fell Tuesday after Wall Street saw a massive drop in shares of tech companies, while several Asia-Pacific markets were closed for the Lunar New Year holiday.

Japan’s Nikkei 225 dropped 0.67% while the Topix lost 0.36%.

Japan’s chip-related stocks dropped the day before on ******** AI startup DeepSeek’s challenge to America’s global leadership in artificial intelligence that has threatened Asian tech companies part of the U.S. AI value chain.

Hong Kong’s Hang Seng index futures were at 20,431, stronger than the HSI’s last close of 20,197.77.

***********, Taiwan, South Korean and ******** markets are closed for holidays.

Investors will be monitoring India’s stock markets after the Reserve Bank of India on Monday announced a slew of plans to pump over $17 billion into the financial ecosystem through measures including bond purchases and currency swaps.

Overnight in the U.S., the S&P 500 and Nasdaq Composite plunged on concerns about an artificial intelligence stock bubble popping because of the emergence of ******** startup DeepSeek, which has possibly made a competitive AI model at a fraction of the cost of Silicon Valley models.

The Nasdaq Composite lost 3.07%, falling to 19,341.83, and the S&P 500 slid 1.46% to 6,012.28. The Dow Jones Industrial Average added 289.33 points, or 0.65%, to close at 44,713.58. Gains in Apple, Johnson & Johnson and Travelers helped lift the 30-stock index.

Nvidia lost close to $600 billion in market cap on Monday, the biggest drop for any company on a single day in U.S. history.

—CNBC’s Lisa Kailai Han, Fred Imbert Pia Singh and Samantha Subin contributed to this report.

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