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Europe stocks open higher; tech makes cautious rebound after global rout fueled by China AI concerns

This is CNBC's live blog covering European markets.

European stocks opened higher Tuesday, in the wake of a global sell-off fueled by concerns over a potential artificial intelligence breakthrough in China that could pose a massive challenge to Western AI firms.

The regional Stoxx 600 index was up 0.28% at 8:10 a.m. in London, with technology stocks 0.5% higher. Media stocks led gains, up 1%.

Biopharmaceutical firm Sartorius was the top performer on the index, gaining nearly 16% after the company said in a preliminary full-year release that it had met profitability targets and had a "cautiously positive" outlook for 2025.

Earnings are out from SAP, Foxtons Group and Logitech on Tuesday, with luxury giant LVMH reporting after the market close, while data releases include the latest French consumer confidence figures and Spain's unemployment rate.

Regional markets traded in negative territory on Monday as investors in the region reacted to a potential AI breakthrough out of China, with the success of Chinese artificial intelligence startup DeepSeek sparking concerns over incumbent U.S. giants' global leadership in AI.

Later on Wall Street Monday, the S&P 500 and Nasdaq Composite plunged amid concerns that an artificial intelligence stock bubble would pop because of DeepSeek's emergence, which has possibly made a competitive AI model at a fraction of the cost of Silicon Valley models.

Nvidia lost close to $600 billion in market cap on Monday, the biggest drop for any company on a single day in U.S. history.

Overnight, Hong Kong stocks rose Tuesday, while several Asia-Pacific markets, in Taiwan, South Korea and China, were closed for the Lunar New Year holiday.

Dutch bank ING announced it will sell off its business in Russia to

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