Global investors pull back, cautious over tech valuations and US labour

(Reuters) -Global equity fund inflows cooled significantly in the week to November 12 as worries about stretched technology valuations and signs of softening U.S. labour market conditions fuelled risk-off sentiment. According to LSEG Lipper data, global investors bought just $4.11 billion worth of equity funds during the week, a sharp reduction from $22.27 billion worth of net purchases the prior week. Concerns intensified after a private report suggested the U.S. economy shed jobs in October, although the official figures remain unavailable due to the weeks-long government shutdown. A pullback in major technology stocks and SoftBank Group’s disclosure that it sold $5.83 billion worth of Nvidia shares also weighed on sentiment. Asian equity funds received $3.04 billion, the fifth weekly in