TOKYO — Asian shares were mixed Friday after Wall Street’s continued frenzy around artificial-intelligence technology nudged indexes on Wall Street to more records.“Even if the BOJ wants to convey that the direction of travel is for tightening, the key guiding principle is gradualism,” Tan Jing Yi at Mizuho Bank said in a commentary. “Fact is, underlying economic confidence is at best fragile if not fraught.
Companies whose profits are most closely tied to the strength of the economy lagged the market Thursday following the reports, such as oil-and-gas producers and industrial companies. Broadcom jumped 12.3% after the semiconductor company reported stronger profit for the latest quarter than analysts expected, aided once again by AI demand. It also raised its forecast for revenue this year.In the bond market, the yield on the 10-year Treasury fell to 4.24% from 4.32% late Wednesday and from 4.60% late last month. The two-year yield, which moves more on expectations for the Fed, fell to 4.69% from 4.76%.
US market expert warns of 'a bigger crash' than 2008 — says there's 'nowhere to hide' except in this 1 asset As world leaders meet in Italy for this year’s G7 summit, Frida Ghitis looks at the history of the traditional ‘family photo’
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