Tech stocks will still be 'the winner' in near future despite rising US-China tensions, Nasdaq rally, Deutsche Bank says | Markets Insider

📆 07/08/2020 19:23:00
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Tech stocks will still be 'the winner' in near future despite rising US-China tensions, Nasdaq rally, Deutsche Bank says

Tuan Huynh, Deutsche Bank Wealth Management CIO for Europe and Asia, told CNBC on Friday that tech stocks will still be"the winner" in the near and long term, despite the Nasdaq's rally and rising US-China tensions.

President Trump signed two executive orders, set to begin in 45 days, that prohibit US residents from doing business with Chinese-owned apps TikTok and WeChat. Huynh said it appears that markets are currently ignoring the rising tensions between the US and China.

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