Global stocks declined on Tuesday as concerns about global growth and a selloff in U.S. tech stocks added to the prevailing cautious mood among investors.
In Europe, the Stoxx Europe 600 opened 0.2% lower, erasing some of Monday’s gains. Germany’s DAX index fell 0.6% and the U.K.’s FTSE 100 dropped 0.4%.
tech leverage ratios are too high. 83% of newly issued tech ipo’s, unprofitable. 81% in dotcom pop.
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