BusinessPhoto: News18 BusinessAsian Shares Fall as Tech Selloff Boosts Bonds, Cuts Rate Hike Bets
Asian shares declined on Friday due to concerns over AI funding needs hitting tech stocks, triggering the largest Treasury rally in over three years. Investors moved to sovereign bonds and safe currencies, reducing expectations for Federal Reserve rate hikes next year. Despite high oil prices and Middle East tensions, markets saw a fourth consecutive weekly loss, with Japan's Nikkei down 5% and South Korea's KOSPI down 4.3% for the week.
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