Asian Shares Fall As Tech Sell-Off Boosts Bonds
Asian shares fell as concerns over artificial intelligence funding needs triggered a tech sell-off. Investors fled to safe-haven sovereign bonds, while rate hike expectations eased.
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Asian shares fell 0.3% on Friday as heavy funding needs for artificial intelligence hammered technology stocks, triggering a flight to safety. The sell-off sparked the largest daily Treasury rally in over three years. Investors are scaling back Federal Reserve rate hike bets as fears grow that an AI bubble could derail data-centre investments.
