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U.S. stocks are rallying Friday, though not by enough to keep Wall Street from heading toward a fourth straight losing week, which would be its longest such streak since August. It's on track for its best day since the day after President Donald Trump's election, when Wall Street was focusing mostly on the possibility for lower taxes and other benefits for corporate profits. A multi-day “relief rally could be coming” after so much negativity built among investors, said Yung-Yu Ma, chief investment officer at BMO Wealth Management.

HONG KONG (Reuters) -Asia hedge funds weathered the March selloff in markets better than their U.S. counterparts, helped by the relative outperformance of Chinese stocks as global investors rushed into that market. Asia-focused hedge funds posted an average 0.71% loss this month until the 10th, compared with a 2.6% drop for their U.S. peers and a 1.7% drop for global peers, a Morgan Stanley prime brokerage note dated March 12 shows. While the market rout impacted Asia hedge funds, their year-to-date outperformance relative to the United States has expanded, pointing to how the region is becoming somewhat of a haven for investors fearing a U.S. recession.

(Bloomberg) -- Just a few months after China’s bond market was plagued by fears of Japanification, soaring yields are pointing to a stark shift in sentiment.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureBenchmark yields hit a

The benchmark S&P 500 closed down 10% from its February peak. The whirlwind of tariff announcements in recent weeks have hammered investor confidence.

LONDON (Reuters) -German government bond yields, equities and the euro all rose on Friday on reports Germany's Chancellor-in-waiting Friedrich Merz had reached an agreement with the Greens to reform debt rules and massively increase state borrowing. Merz's conservatives and the Social Democrats, who are in negotiations to form a government after an election last month, had proposed a 500 billion euro fund for infrastructure and sweeping changes to borrowing rules to revive growth and ramp up military spending. To reach the two-thirds majority required for the necessary constitutional changes, though, they need the support of the Greens.

(Bloomberg) -- South Korean investors loaded up on US leveraged exchange-traded funds this week, continuing to plow into a popular trade amid a rout that has plunged the market into a correction.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at

Stocks have plunged in amid fears that tariffs will weigh on economic growth. Yet, there may be a more under-the-radar reason behind the sell-off.