Asian shares rise as oil prices and bond yields dip
Asian stocks ended mostly higher in thin trade on Friday, with markets in South Korea and Taiwan closed for a holiday. While technology stocks came under selling pressure amid renewed concerns over the artificial intelligence (AI) boom and elevated borrowing costs, a retreat in oil prices and US Treasury yields helped spur buying at lower levels.
Asian stocks ended mostly higher in thin trade on Friday, with markets in South Korea and Taiwan closed for a holiday. While technology stocks came under selling pressure amid renewed concerns over the artificial intelligence (AI) boom and elevated borrowing costs, a retreat in oil prices and US Treasury yields helped spur buying at lower levels.
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