AI Bias Analysis
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Japanese stocks slumped, led by declines in tech shares, after strong US jobs data fueled expectations that the Federal Reserve will keep rates higher for longer, sparking a selloff in the AI sector.
Source
Bloomberg Markets
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South Korean stocks are expected to bounce back after a drop that triggered a circuit breaker, said Timothy Moe, Goldman Sachs chief Asia-Pacific regional equity strategist.
Chinese coking coal rose to the highest since 2024 as the aftermath of a deadly mining accident and ongoing safety inspections kept prices elevated.
Proxies for Japanese pension funds bought a record amount of overseas bonds last month, adding to signs of robust demand for foreign debt even as local yields climbed.
DBS sees $30 billion-$40 billion coming from the RBI’s swap facilities alone.
