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Daily Alert: Big tech stocks lift amongst broader sharemarket weakness

  • US-China political tensions increased at a summit in Alaska, and US sharemarkets were mixed on Friday.
  • The Bank of Japan made tweaks to some of its policies but made no changes to its price stability objective and inflation overshooting commitment last week.
  • The US Federal Reserve's announcement that it would let a temporary bank leverage rule exemption expire on March 31 initially pushed US 10-year yields up to fresh 14-month highs near 1.75% before easing back to near 1.73% at the close.

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