News
Investors Seek Safe Havens Amid Tech Sell‑off
A sharp rotation out of technology stocks led to a plunge in the Nasdaq and a one‑day drop in 10‑year U.S. Treasury yields, pushing rates below 5% for the first time in a month. Japanese bonds and the yen rallied as investors chased safety. Volvo Car shares fell up to 30% after a quarterly loss, while SK Hynix rebounded after canceling its U.S. IPO. Apple’s new iPhone Duo began sales worldwide. OpenAI is nearing a funding round valuing it at $1.25 trillion. President Trump asked Elon Musk to restore the full‑military Starlink for Ukraine. Wealthy Chinese are moving funds to U.S. banks following new Chinese offshore taxes.