Today, January 28, 2025, global markets had a dynamic session. π
π Europe: European stocks surged, with the pan-European STOXX 600 rising 0.7%, driven by gains in the retail and utilities sectors. This rebound followed recent volatility in the tech sector triggered by the emergence of Chinese AI startup DeepSeek. π‘π€
πΊπΈ U.S.: S&P 500 and Nasdaq futures showed signs of recovery after sharp declines in the previous session. Nvidia gained 4.8% in pre-market trading, bouncing back from a 17% drop amid concerns about competition from DeepSeek. ππ₯
π―π΅ Asia: Japan's Nikkei 225 closed 1.4% lower, weighed down by losses in the tech sector. SoftBank Group dropped 5%, while Tokyo Electron fell 5.7%. ππ»
βοΈ Summary: The day showcased a recovery in European markets and some stabilization in the U.S., despite challenges posed by intensifying competition in the AI industryπβ¨