Asian stocks head into weekend on a low as tech extends losses
Asian stocks sank again Friday as tech firms took another beating from investors increasingly losing faith in the sector, with the traditional safe haven yen and government bonds benefiting from the risk-off mood."Markets are looking for safe havens as the now familiar fears over AI and the tech sector, alongside ever higher oil and energy prices are powering a move back into bonds," said National Australia Bank's Gavin Friend.
Asian stocks sank again Friday as tech firms took another beating from investors increasingly losing faith in the sector, with the traditional safe haven yen and government bonds benefiting from the risk-off mood."Markets are looking for safe havens as the now familiar fears over AI and the tech sector, alongside ever higher oil and energy prices are powering a move back into bonds," said National Australia Bank's Gavin Friend.
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