In Asia, Japan’s Nikkei fell 0.3%, ending the week down more than 4%, while South Korea’s KOSPI closed higher after plunging as much as 4% earlier in the session. (EPA Images pic)LONDON: A rout in global tech shares eased on Friday, after concerns over the enormous funding needs of AI had hammered Wall Street and triggered the biggest rally in Treasuries in over three years.
Asia's bourses brought calm overnight and though Europe ticked 0.3% lower, there was welcome respite from the pressures that have blown 'le spread' between French and German bonds out to euro zone crisis levels in recent days.
There was no let up from oil though as Houthi attacks on Saudi Arabia and reports that the US and Israel had drawn up plans for renewed strikes on Iran after the US midterm elections lifted Brent to a new five-month peak of US$114 a barrel.
