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China’s top tech stocks add $439 billion as ‘Mag Seven’ sink

(Bloomberg) -- A $439 billion rally in Chinese tech megacaps this year has left their once-unbeatable US peers in the dust, an outperformance that many investors say has room to extend.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year

US labor market stable in February, outlook cloudy

WASHINGTON (Reuters) -U.S. job growth picked up in February, but cracks are emerging in the once-resilient labor market amid rising uncertainty over trade policy and deep federal government spending cuts that could undercut economic growth this year. The Labor Department's closely watched employment report on Friday, the first under President Donald Trump's watch, also showed the unemployment rising to 4.1% last month and an increase in the ranks of part-time workers. Economists said the Trump administration's whiplash trade policy was making it difficult for businesses to plan ahead.

Japanese Bonds Set to Lose Mantle of Lowest Yielding Major Market to China

(Bloomberg) -- Japanese investors expect the nation’s benchmark 10-year government bond yield to climb as high as 2% this year in a move that looks likely to relegate China’s sovereign debt to the lowest yielding of major markets.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finan