Asian stocks declined following a rough session on Wall Street, where concerns emerged over competition in the AI sector from China’s DeepSeek, impacting major US companies. On January 27, US stocks fell, with Alphabet and Tesla seeing significant losses. In contrast, the BSE Sensex and NSE Nifty saw gains. Tata Steel reported a 43% profit drop in Q3, attributed to challenges from Chinese competition, despite increased steel sales. Meanwhile, Wipro secured a strategic IT partnership with FrieslandCampina, and Piramal Enterprises returned to profit after a previous loss, reporting Rs 390 million for Q3 FY24.