Asian shares wobble as tech rout lifts bonds and cuts rate hike bets
Asian shares fell Friday as concerns over AI funding needs pressured technology stocks and drove a sharp rally in Treasuries. Investors also pared back rate-hike expectations.
By Stella QiuAsian shares fell on Friday as concerns over the enormous funding needs of AI hammered tech and led to the biggest daily rally in Treasuries in more than three years, with investors fleeing to sovereign bonds and safe-haven currencies.Markets also sharply pared back expectations of fur…