$108 billion per day: how DeepSeek’s success brought down the fortunes of billionaires
The fortune of the 500 richest people in the world decreased by $108 billion in one day due to the sale of shares in the technology sector caused by the success of the Chinese company DeepSeek. The NASDAQ Composite and S&P 500 indexes fell by 3.1% and 1.5%, respectively. The biggest losses were incurred by…