AI-related stocks sold off sharply in Asia as investors moved toward assets considered safer. The MSCI Asia-Pacific index fell 0.4%, while South Korea’s Kospi declined 0.8%, reflecting concerns about AI infrastructure spending and the economic outlook. Investors turned to U.S. Treasuries, with the 10-year yield dropping 17 basis points to approximately 4.96%. The market assigns only a 3% probability to Anthropic reaching a $600 billion valuation by December 31, an increasingly challenging target amid the broader AI stock sell-off. Key factors to watch include any funding rounds or strategic partnerships announced by Anthropic, as well as changes in economic conditions or public policies affecting the AI industry.
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