NEW YORK U.S. government borrowing costs advanced for a sixth week on Monday, hurting tech stocks as investors bet on rising interest rates, while three-year high oil prices ignited the energy sector.
An easing in Sino-U.S. tensions and Chinese authorities' decision to pump in more cash to offset the fallout from real estate firm Evergrande's woes offered encouragement to investors. There was also relief that Germany's election outcome ruled out a pure left-wing coalition government.
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