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Stocks hit by tech slump; yen flails at intervention zone
short by Kalpesh / on Thursday, 25 April, 2024
Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.The predictable hit to Asian tech stocks took MSCI's broadest index of Asia-Pacific shares outside Japan down 0.7%.
read more at Investment Guru