On Monday, financial markets exhibited noticeable risk aversion reflected in a significant surge of the Japanese yen, alongside a major sell-off in tech stocks. The yen strengthened over 1% due to the Bank of Japan's hawkish move in raising interest rates, while concerns about U.S. trade policy loomed. The tech sector, particularly U.S. companies, faced pressure with the NASDAQ 100 declining over 3% amidst competition from a Chinese AI startup, DeepSeek, which posed a challenge to established American tech giants, triggering investor recalibration and significant stock losses.
Financial markets exhibited risk aversion on Monday, marked by a rise in the Japanese yen, sell-off in tech stocks, and U.S. trade policy worries.
The Japanese yen experienced a 1% gain following a hawkish shift from the Bank of Japan, which raised interest rates and hinted at future increases.
A massive sell-off in U.S. tech stocks, including a 15% plunge in Nvidia shares, was triggered by intensified competition from a new Chinese AI startup.
Concerns over U.S. tech sector leadership and renewed trade tensions were key drivers behind the significant market fluctuations, impacting investor sentiment across the board.
Collection
[
|
...
]