- China industrial profits YY 3.4% vs 4.3% prior
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Asian stocks hit record highs on AI & Fed rate cut hopes; gold's on a tear. Traders eye tech sector gains.
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Global equities saw $3.06B outflow; US funds shed $10.44B. Tech, healthcare, consumer discretionary funds gained. Bonds attracted $18.18B.
Muni fund tumbles 50% on defaults & illiquid assets; highest 6.7% yield hid big risks.
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