The yen carry trade gained focus as the yen appreciated sharply after the Bank of Japan raised interest rates and reduced bond purchases. This caused investors to unwind their positions to avoid losses, leading to a selloff in US tech stocks and affecting global markets, including Asia.
AI threat overblown: Why Invesco’s Hiten Jain is doubling down on IT stocks
Invesco Mutual Fund’s Hiten Jain offers a contrarian view, identifying the tech rout as a significant buying opportunity and dismissing broad PSU rallies. He highlights