Global markets showed signs of stabilization on Friday as equities and cryptocurrencies regained ground after early losses in Asian trading, suggesting that selling pressure may be easing following steep declines in US technology stocks. Precious metals also stabilized after a volatile start to the session.
Asian shares and US equity-index futures pared their losses at Friday’s open, though sentiment remained cautious. Silver rebounded sharply, erasing a 9.6% tumble to rise 2.5%, following a 20% plunge in the previous session. Bitcoin mirrored this recovery, climbing back from nearly $60,000 after an earlier sharp drop, less than half its October peak.
The volatility follows a significant selloff on Wall Street on Thursday, with technology stocks under particular pressure. Amazon.com Inc. shares fell 11% in extended trading, as investors expressed concern over the company’s $200 billion investment plan in artificial intelligence and whether the massive bet would generate long-term returns.
“The tech correction is bringing valuations back to levels that include a healthier risk premium,” said Rajeev De Mello, global macro portfolio manager at Gama Asset Management.
Market watchers say the movements highlight ongoing caution among investors, particularly in high-growth sectors, while broader markets gradually adjust to the shifts in risk appetite and tech valuations.
