BusinessPhoto: Mint MarketsUS Treasuries Rise as Tech Stock Selloff Drives Investors to Safe Havens
US Treasuries rose sharply after a Democratic sweep in the midterm elections triggered a selloff in major US tech stocks, boosting demand for safe-haven assets. Treasury yields fell up to nine basis points to their lowest since early September. The Nasdaq 100 dropped 4.75% and the Philadelphia Semiconductor Index fell 8.83%, reflecting concerns over reduced capital spending on AI infrastructure and a potential US economic slowdown.
Mint Markets·

