Asia Stocks Tumble as AI Spending Worries Rise; BOJ Holds Rates — SkimNews
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- Tech giants’ AI spending spooked investors, sending Asian stocks tumbling as the selloff in technology firms deepened.
- BOJ held rates while Asian trading remained mixed; across the broader session, bonds rallied, oil jumped and crypto fell.
Why it matters: The BOJ left rates unchanged, but technology-share investors absorbed the selloff while bond investors gained from the rally; across three asset classes—bonds, oil and crypto—reactions diverged in the same market session, even though Asian trading was mixed overall.
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