Tech stocks rebound in Asia as DeepSeek worries ease: Low-cost model to increase GPU demand

Technology stocks led gains in Asia-Pacific markets on Wednesday, tracking advances on Wall Street as investor angst ebbed over the emergence of a low-cost Chinese AI model that some see rivalling U.S. dominance of the industry.

The dollar remained relatively firm as traders rotated back into the currency from safe-haven peers such as the Japanese yen, while also getting a boost from fresh tariff warnings from the Donald Trump administration.