Piper Sandler lowers Meta's target price to $850
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After plummeting 32% on its first trading day, South Korean cloud service provider Elice rebounded strongly for two consecutive days, surging as much as 25% and reclaiming its IPO price for the first time. Retail investors actively bottom-fished driven by the limit-up effect, while institutional investors questioned its financing resilience and execution capabilities. Whether the AI infrastructure sector is a value hotspot or a capital trap has become an intensifying point of contention in the market.
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AI trading concerns reignite: global bond markets see renewed safe-haven buying, funds flow back into U.S. Treasuries
Weakness in the stock market has triggered safe-haven buying, driving gains in US Treasuries, the Japanese yen, and the Swiss franc. Yields on US Treasuries have declined across the board, with the 30-year yield reaching its lowest level since late September.
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