Global Markets Rally on Wall Street’s Pain, but Some Are in the Red
- The US stock rout is driving investors to Asian and European markets for alternatives.
- Chinese tech rally is boosting Hong Kong and European stocks amid trade war concerns.
- Thailand and Indonesia face stock declines due to local issues and US trade tensions.
The rout in US stocks has sent investors scrambling for cover as they seek out alternative markets to park their funds — but not every market is doing well.
In Asia, stocks in Hong Kong and China have rallied hard on the back of a tech-focused rally ignited by the meteoric rise of DeepSeek’s R1, a cost-efficient Chinese AI model.
The euphoria in Chinese tech sent Hong Kong’s Hang Seng…
