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Investors Seek Safe Havens Amid Market Turmoil | Markets & Money News
On October 23rd, recent market volatility has prompted investors to seek safe havens. Following a significant sell-off in tech stocks, particularly affecting the Nasdaq, the 10-year U.S. Treasury yield has fallen below five percent, increasing its appeal. In Japan, demand for safe assets has surged, with potential implications for the Bank of Japan's monetary policy. Additionally, Volvo Car shares dropped nearly thirty percent due to weak demand, while Apple's stock rose ahead of iPhone sales.
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