Global stocks fall amid tech sell-off

Global stocks declined on Friday as investors continued to book profits from technology and semiconductor shares that had previously experienced strong gains, leading to weekly losses in major indices such as the S&P 500 and Nasdaq. Oil prices also fell by 4.34% to $72 per barrel. Meanwhile, the Japanese yen approached its lowest level in 40 years against the dollar, reaching 161.71 yen. Analysts suggest that markets are undergoing a healthy correction period with expectations of a rebound once the correction concludes, supported by the ongoing strength of economic fundamentals.

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