Corporate News - Xiaomi (1810.HK) announced a software fix for 30,931 of its SU7 electric vehicles in China to address safety concerns related to the assisted driving system following a fatal crash involving the model earlier this year [5][10] - DeepSeek, a Chinese AI firm, revealed that its top AI model cost just $294,000 to train, significantly lower than the tens or hundreds of millions estimated for similar models by U.S. competitors, potentially reshaping the AI development cost debate [6][10] Market Developments - The Nikkei 225 index in Japan surged to a new all-time high of 45,296.21 points, marking a year-to-date gain of nearly 15% despite ongoing U.S. tariff pressures [2][10] - The Indonesian Rupiah declined by 0.3% to 16,550 per U.S. dollar, reaching its lowest level since May 15, coinciding with a downturn in the Indonesia Stock Index, which opened around 7,990 points [3][10] - Malaysia set its October Crude Palm Oil reference price at 4,268.68 RGT/Ton, maintaining a 10% export duty [7]
Global Markets React to Central Bank Decisions, Tech Innovations, and Geopolitical Shifts