NEW YORK, Feb 5 — Tech stocks staged a tentative rebound across financial markets yesterday as stellar results from Amazon convinced traders not to give up on a sector weakened by a global monetary tightening cycle and the historic crash of Facebook owner Meta.
Inspired by the upbeat set of results for the tech giant, Asian equities rose about 1 per cent and Amazon’s shares listed in Frankfurt were up 12 per cent. Mark Haefele, chief investment officer at UBS Global Wealth Management said the big picture for the sector was far from being bleak.
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