AI stock sell-off in Asia prompts shift to safer assets like US Treasuries
Photo: Crypto Briefing
Asian markets saw a significant sell-off in AI-related stocks, as investors moved their capital towards safer assets, according to a Bloomberg Markets report. The MSCI Asia-Pacific index dropped by 0.4%, with South Korea’s Kospi index declining by 0.8%, reflecting concerns over AI infrastructure spending and economic uncertainties. This shift in investor sentiment has prompted a move into traditionally safer assets like U.S. Treasuries, which saw the 10-year yield fall by 17 basis points to approximately 4.96%.
Source: Crypto Briefing
