Tech wobbles drives sudden, sharp flight to 'safety'
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Kia ora.
Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from interest.co.nz.
Today we lead with news tech equity wobbles is driving a sudden, sharp flight to the relative short-term 'safety' of government bonds.
The Nasdaq is down -2.5% so far today with Meta down -7.2% (see below), SpaceX is down -8.5%, Google is down -9.6%, and many other FANGS are down about -4.4%.
But first in the US, there was a notable…
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