Eight foreign ministers warn against new Iran strikes as Hormuz ship attacks mount Houthi strikes on Saudi Arabia widen as Aramco evacuates HQ Netanyahu orders West Bank lockdown after Hebron attack kills two soldiers Tech rout over AI financing fears drives investors into bonds Brent climbs to highest since April as Iran strike fears and Gulf attacks grow France mobilises 70,000 police and closes the Louvre after last weekend's riots French bond stress and contraction deepen as unrest hits economy Oleshky ceasefire and prisoner swap precede planned Abu Dhabi talks Gunmen kill seven at Greek Orthodox funeral in Jordan's Karak Brazil's run-off too close to call as Meta row escalates Nigeria's Ebola patient did not visit Congo, Switzerland says, as Kenya reports second death Rescuers search rubble after building collapse in Nairobi Rescuers search Tibetan villages after magnitude 7 quake kills 16 Romania blames Russia after drone sinks cargo ship in Black Sea France treats shooting near Paris as racist terrorist attack Opposition bloc widens lead in final poll before Israel's election El Niño drought deepens Sudan's famine risk as US presses Geneva talks Experts say PHP patches are not enough as AI raises fears of more flaws Tigray commander vows to fight on as caretaker administration urges rebels to disarm Serbia's student list challenges Vučić ahead of snap election Russia hits Ukrainian power plants as Ukraine sends drones at Russian regions Super Typhoon Champi nears Taiwan as nearly 1,000 flights are cancelled Heat killed a record 50,000 people in European cities this summer Ukraine says Starlink limits remain after Trump says Musk lifted them First Russian diesel tanker heads for New York after Trump-Putin deal Volvo Cars to cut 2,500 jobs after third-quarter loss Seoul proposes border talks as North Korea mines the frontier and Trump-Kim summit hopes fade Venezuelans demand elections in first national protest in nearly two years China stocks slide into bear market ahead of Communist Party plenum Olive harvest brings the most violent settler attacks in years in the West Bank British jets join French nuclear exercise for the first time Israeli fire kills at least four in Gaza despite ceasefire EU ministers vow to tackle 'China Shock 2.0' through talks with Beijing Trump administration sues to block certification of Alaska Senate race China protests US research and biotech curbs as DeepSeek and MiniMax win export approval Austria expels four Russian diplomats as European spy cases mount Trump drops some Canada tariffs to help Susan Collins; Carney rejects US interference claims US consumer sentiment near record low as business prices surge Jio Platforms IPO draws over 10 million applications, a first worldwide Anthropic launches European AI consultancy as experts question its work report Indonesian wildfires threaten world's oldest cave paintings in Sulawesi Zuckerberg to stay in California as Meta creates non-voting shares ahead of billionaire tax vote Former BND chief Hanning in custody on suspicion of spying Greece passes social media ban for under-15s El Salvador sends special forces to Haiti after soldiers seized by gangs Leaked AfD emails show efforts to court Trump allies and expose residents' data Albania's student protests widen into a broader movement against Rama Pope Leo cancels Assisi trip while recovering from lung cancer surgery Eight foreign ministers warn against new Iran strikes as Hormuz ship attacks mount Houthi strikes on Saudi Arabia widen as Aramco evacuates HQ Netanyahu orders West Bank lockdown after Hebron attack kills two soldiers Tech rout over AI financing fears drives investors into bonds Brent climbs to highest since April as Iran strike fears and Gulf attacks grow France mobilises 70,000 police and closes the Louvre after last weekend's riots French bond stress and contraction deepen as unrest hits economy Oleshky ceasefire and prisoner swap precede planned Abu Dhabi talks Gunmen kill seven at Greek Orthodox funeral in Jordan's Karak Brazil's run-off too close to call as Meta row escalates Nigeria's Ebola patient did not visit Congo, Switzerland says, as Kenya reports second death Rescuers search rubble after building collapse in Nairobi Rescuers search Tibetan villages after magnitude 7 quake kills 16 Romania blames Russia after drone sinks cargo ship in Black Sea France treats shooting near Paris as racist terrorist attack Opposition bloc widens lead in final poll before Israel's election El Niño drought deepens Sudan's famine risk as US presses Geneva talks Experts say PHP patches are not enough as AI raises fears of more flaws Tigray commander vows to fight on as caretaker administration urges rebels to disarm Serbia's student list challenges Vučić ahead of snap election Russia hits Ukrainian power plants as Ukraine sends drones at Russian regions Super Typhoon Champi nears Taiwan as nearly 1,000 flights are cancelled Heat killed a record 50,000 people in European cities this summer Ukraine says Starlink limits remain after Trump says Musk lifted them First Russian diesel tanker heads for New York after Trump-Putin deal Volvo Cars to cut 2,500 jobs after third-quarter loss Seoul proposes border talks as North Korea mines the frontier and Trump-Kim summit hopes fade Venezuelans demand elections in first national protest in nearly two years China stocks slide into bear market ahead of Communist Party plenum Olive harvest brings the most violent settler attacks in years in the West Bank British jets join French nuclear exercise for the first time Israeli fire kills at least four in Gaza despite ceasefire EU ministers vow to tackle 'China Shock 2.0' through talks with Beijing Trump administration sues to block certification of Alaska Senate race China protests US research and biotech curbs as DeepSeek and MiniMax win export approval Austria expels four Russian diplomats as European spy cases mount Trump drops some Canada tariffs to help Susan Collins; Carney rejects US interference claims US consumer sentiment near record low as business prices surge Jio Platforms IPO draws over 10 million applications, a first worldwide Anthropic launches European AI consultancy as experts question its work report Indonesian wildfires threaten world's oldest cave paintings in Sulawesi Zuckerberg to stay in California as Meta creates non-voting shares ahead of billionaire tax vote Former BND chief Hanning in custody on suspicion of spying Greece passes social media ban for under-15s El Salvador sends special forces to Haiti after soldiers seized by gangs Leaked AfD emails show efforts to court Trump allies and expose residents' data Albania's student protests widen into a broader movement against Rama Pope Leo cancels Assisi trip while recovering from lung cancer surgery

Symbolic image: Tech rout over AI financing fears drives investors into bonds

Symbolic image

Tech rout over AI financing fears drives investors into bonds

8 sources

A tech sell-off on Thursday sent investors into government bonds and pushed gold below $4,000 an ounce.

The Nasdaq fell 2.6% and the SOX semiconductor index dropped almost 7%, testing its 200-day line for the first time in 16 months, according to Handelsblatt. Asian stocks followed Wall Street lower, while Japanese bonds and the yen rallied, the Financial Times reports. The yield on 10-year US Treasuries fell to around 5%, and Bloomberg reports hedge funds logged their widest daily drawdown since Covid.

Financing in focus

Meta's credit risk gauge hit a record after its results, per Reuters, and Handelsblatt notes speculation about a Meta capital raise. OpenAI is seeking up to $30 billion at a $1.25 trillion valuation, down from the $1.4 trillion discussed earlier, Bloomberg reports. SpaceX is preparing a $40 billion bond at higher funding costs.

Gold slides

Gold fell below $4,000 an ounce. Reuters ties a steep weekly loss to oil prices fuelling Fed rate concerns, while Bloomberg says gold holds near a three-month low.

Demand still strong

Western Digital beat profit and revenue expectations, and Bloom Energy raised its annual forecast. JPMorgan stays tactically bullish but warns the rotation out of tech may not be over.