Nvidia and tech stocks weighed down by tensions with China, oil prices decline

Yahoo Finance Live's Rachelle Akuffo, Seana Smith, and Ines Ferre examine the headwinds facing tech stocks, the bond market, the U.S. dollar, and oil prices. Read More...


Japan warns against volatility as yen slumps to 24-year low

TOKYO (Reuters) -The yen’s fall to a 24-year low against the dollar on Thursday prompted policymakers to warn they were watching currency moves with a “high sense of urgency”, using strong language to hint at a possibility of eventual market intervention. The currency fell to 139.69 per dollar, a level not seen since 1998, as investors braced for further aggressive interest rate hikes by the U.S. Federal Reserve that would make the yen relatively less attractive. “Currency market volatility is heightening recently,” Chief Cabinet Secretary Hirokazu Matsuno told reporters, echoing concerns voiced by a senior Ministry of Finance official.

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