A brutal sell-off in technology stocks is forcing investors in Tokyo and beyond to reassess how artificial intelligence actually reshapes portfolios, rather than merely inflating them.
With the Nasdaq shedding 4.60 per cent in a single session and gold surging past US$4,058 an ounce, the case for broad diversification over concentrated stock-picking has rarely looked more compelling.
A brutal unwind in America's largest technology stocks sent the Nasdaq Composite down sharply, rattling portfolios from New York to Tokyo and pushing gold to fresh records above US$4,000 an ounce.
With the S&P 500 down 1.95 per cent and gold surging past US$4,058 an ounce, investors are scrutinising boardroom changes more closely than earnings beats.
With the dollar buying more than 161 yen and Japanese equities under modest pressure, global buyout firms are circling export-sector assets at valuations that look increasingly compelling in dollar terms.
With the S&P 500 sliding 1.95 per cent and gold surging past US$4,058 an ounce, fixed-income markets are quietly pricing in a world where central banks stay cautious for longer than investors once hoped.
A near-5 per cent plunge in the Nasdaq and a weakening yen put pressure on Australian superannuation funds with heavy offshore exposure, even as gold's record run offers a partial cushion.
A surging gold price and a softening crude market are pulling the resources sector in opposite directions as investors brace for a volatile close to the first half.
