Tech stocks: Is the worst still to come?

📆 28/05/2022 08:26 ص
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The best companies have already lost more than a fifth of their value, and marginal players have been struck by lightning and turned into ash

Ominously, IM was finishing this piece on Friday the 13th. In truth, the market has felt like Friday the 13th for several months. This is especially true for the tech sector, where the Grim Reaper has been wielding his scythe without mercy.

We may as well start with the market darlings. So much for Faang, an acronym that used to stand for tech firms Facebook, Amazon, Apple, Netflix and Google. But not only does the acronym no longer work , but the entire investment thesis appears to have fallen over...

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Asia shares join global rebound as Fed hike fears ease, China tech boost - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Asian shares extended overnight global gains thanks to strong results from regional tech firms and US retailers, while investors also took comfort from Federal Reserve minutes showing a pause to its rate hikes is on the cards later this year.
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