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Morning Bid: China's AI neophyte rocks Wall St ahead of Fed, mega-tech earnings

By Davide Barbuscia

(Reuters) - A look at the day ahead in Asian markets.

The U.S. tech juggernaut suffered a sharp setback on Monday, setting global markets up for a volatile ride this week, with mega-cap earnings on deck, the Fed’s meeting, and lingering uncertainty over U.S. President Donald Trump’s trade policies.

U.S. stocks tumbled on Monday, led by tech shares, as the growing buzz around Chinese startup DeepSeek's low-cost AI model sparked concerns about the sector's high valuations.

Selling on Asian exchanges outside China spilled over into U.S. stock futures. The S&P 500 dropped about 1.