Global Tech Selloff Triggers Flight to Safe Assets; Yen, JGBs Gain

A broad selloff in global tech stocks, led by Wall Street, has spilled into Asian markets, prompting investors to seek safety in Japanese bonds and the yen. The move reflects a risk-off shift in sentiment, with uncertainty over the duration and depth of the tech correction. This matters as it could signal broader equity market stress and influence central bank policy expectations.

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