Asian shares wobble as AI spending fears spark biggest Treasury rally in over three years
Photo: Crypto Briefing
A Nasdaq slide tied to AI funding worries sent investors into bonds and pushed traders to scale back Fed rate hike bets Asian shares slipped on Friday after Wall Street’s tech sector took a hard fall overnight. The Nasdaq dropped more than 2% as worries grew about how much money the artificial intelligence boom actually needs. The more dramatic move came in bonds. US Treasuries posted their biggest single-day rally in more than three years, as investors traded growth stories for the comfort of government debt. The trigger was Meta Platforms .
Source: Crypto Briefing
