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Asian shares retreat after technology selloff, while bonds gain and oil prices rise

  • 8 sources analyzed
  • Source mix: Web
  • Momentum: Trending

What We Know

Asian shares fell or wobbled on Friday after concerns about the enormous funding needs of artificial intelligence weighed on technology stocks, following a selloff in U.S. tech shares.Backed by 1 sourceslive.euronext.com MSCI’s broadest index of Asia-Pacific shares excluding Japan fell 0.3%, extending its weekly decline to 2.7% and marking a fourth consecutive losing week.Backed by 1 sourcesbusiness-standard.com

The equity retreat boosted bonds and weakened market expectations for further interest-rate hikes, while oil reached its highest level in nearly six months.Backed by 1 sourcesca.investing.com

The technology selloff was accompanied by stronger bond prices and reduced expectations for further rate increases.Context supported by 3 independent sourcestradingview.commoney.usnews.combusinesstimes.com.sg

Source Comparison

Aligned reporting
3 corroborates - 3 adds context - 0 conflicts