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DeepSeek Shock Fires Up Bullish Bets on Cheap China Tech Stocks

(Bloomberg) -- China’s growing clout in the artificial intelligence space has sparked a wave of optimism toward the nation’s tech shares, with a gauge entering a bull market and brokers issuing upbeat calls.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneHow London’s Taxi Drivers Navigate the City Without GPSTransportation Memos F

Morning Bid: China AI rally rouses trade war-weary markets

An action-packed week in the markets is heading for a more subdued finish as traders await U.S. payrolls data, although the lingering threat of a trade war kept investors hesitant about placing major bets. Investors are betting the artificial intelligence advance of home-grown startup DeepSeek will lead to a boom in the sector, while for now mostly shrugging off the trade war saga that kicked off at the start of the week. U.S. President Donald Trump imposed and then suspended tariffs on Mexico and Canada early this week but his duties on Chinese goods went ahead.

US job market likely began the year strong, but faces cloudier future

The U.S. labor market probably started 2025 the way it spent most of last year: Generating decent, but unspectacular, job growth. When the Labor Department releases January employment numbers Friday, they’re likely to show that companies, government agencies and nonprofits added 170,000 jobs last month, according to a survey of economists by the data firm FactSet. The unemployment rate is expected to remain low at 4.1%.