<div id="readability-page-1" class="page"><div><ul><li><b>Rising global bond yields</b> and <b>growing expectations of future Federal Reserve rate hike</b>s are increasingly threatening the AI-driven technology rally, pressuring growth-stock valuations across global equity markets.</li><li><b>Geopolitical tensions</b> escalated sharply after a drone strike targeted a UAE nuclear facility, intensifying concerns over prolonged Middle East instability, elevated oil prices, and persistent inflationary pressures.</li><li>Despite broader macro weakness,<b> Asian technology stocks showed resilience</b> as Baidu posted strong AI-driven earnings growth and Samsung Electronics gained ahead of highly anticipated NVIDIA earnings.</li><li><b>Chart of the day:</b> <b>Nasdaq 100</b>’s medium-term uptrend damaged, potential near-term weakness is likely to persist below 29,400 key short-term resistance.</li></ul></div></div>

<p>Rising global bond yields and expectations of Federal Reserve rate hikes threaten the AI-driven tech rally, impacting growth-stock valuations. Geopolitical tensions escalated after a drone strike on a UAE nuclear facility, raising concerns over Middle East instability and inflation. Despite this, Asian tech stocks like Baidu and Samsung showed resilience. The S&P 500 and Nasdaq 100 faced losses, while global bond yields surged. Key economic data, including Japan's Q1 GDP, is anticipated today.</p>

- Rising global bond yields and expectations of Federal Reserve rate hikes are putting pressure on growth-stock valuations in equity markets.  
- Geopolitical tensions intensified following a drone strike on a UAE nuclear facility, raising concerns over Middle East instability and inflation.  
- Despite these challenges, Asian technology stocks remained resilient, with Baidu experiencing strong AI-driven earnings growth and Samsung Electronics gaining ahead of NVIDIA's earnings report.

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Asia open: Bond yield breakout threatens tech rally