Investing.com– Most Asian stocks fell on Monday after U.S. President Donald Trump’s imposition of trade tariffs on Colombia rattled risk appetite with the possibility of more such moves.
Chinese markets were a mixed bag, as investors bought some local technology names on optimism over DeepSeek R1- a new artificial intelligence model that could potentially disrupt development in the sector.
But further gains in China were stymied by weaker-than-expected purchasing managers index data, which highlighted a sustained decline in China’s economy.
Regional markets took a weak lead-in from Wall Street, with U.S. stock index futures falling in Asian trade as speculation over DeepSeek battered major technology stocks, especially Nvidia (NASDAQ:). The stock sank over 5% in 24 hour markets, RobinHood data showed.
China tech rises on DeepSeek hype, but PMIs disappoint
Hong Kong’s index was an outlier among its Asian peers on…
