U.S. tech and tariff shocks spark scramble for new market havens

News Snapshot:

As a tech stock rout and U.S. dollar swings driven by President Donald Trump’s tariff threats send markets into a tailspin, investors are piling into assets from Japan’s yen to European credit that could act as a buffer to the turbulence. Markets that cheered Trump’s pro-growth agenda have turned bumpy, with oil prices and Canada and Mexico’s currencies gyrating, muddled inflation forecasts shaking Treasuries and investors starting to view the new White House as a source of risk. “There will likely be more volatility in the U.S. dollar and across many other assets,” said Amelie Derambure, senior multi-asset manager at...