NEW YORK: Asian equities fell Friday (Jan 31), as concerns over the impact DeepSeek will have on the artificial intelligence market pressured South Korean chipmakers. US futures climbed after robust results from Apple Inc.
A gauge of Asian shares snapped a two-day gain, with SK Hynix Inc. and Samsung Electronics Co. tumbling in delayed reaction to the selling of AI stocks as the nation’s markets reopened after the Lunar New Year holidays. The former is a key supplier to Nvidia Corp. while Samsung’s pivotal chip division reported a smaller-than-expected profit.
