European shares climbed a record high on Wednesday, as chip equipment maker ASML led technology stocks higher after reporting strong quarterly results. The pan-European STOXX 600 was up 0.5%, as of 0810 GMT,

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DeepSeek: Tech firm suffers biggest drop in US stock market history as low-cost Chinese AI company bites Silicon Valley

The emergence of DeepSeek's free assistant has placed big doubts over the US market's AI-driven rally of the past two years.

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Trump issues warning about Chinese AI startup DeepSeek to US tech titans after cheaper breakthrough rattled stock markets

Trump argued DeepSeek could be a 'positive' for US tech giants, adding: 'instead of spending billions and billions, you'll spend less, and you'll come up with hopefully the same solution.'

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FTSE 100 and US stocks higher as DeepSeek concern continues

European and US markets were in positive territory as investors continue to digest the potential impact of DeepSeek.

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