Tech companies are heavily exposed to China, putting gains at risk, Piper Sandler says

Tech stocks are heavily exposed to China, which could put gains at risk, according to Piper Sandler. S & P 500 large-cap companies have a near-record reliance to sales in China at a time when the country is still contending with a slump in the real estate industry, as well as a greater push by Beijing to buy domestic, the firm's chief global economist Nancy Lazar wrote in a Wednesday note.

In April, the VanEck Semiconductor ETF has dropped about 7%, underperforming the S & P 500's more than 3% decline during the same period. Shares of Advanced Micro Devices and Intel have plunged more than 15% and 21%, respectively, this month. "S & P large caps have near-record exposure to a China that is wobbly economically, with an increasingly authoritarian Heavy Hand of regulation," Lazar wrote Wednesday. "Some sectors/companies look particularly vulnerable.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Buy these 2 software stocks as they are 'having the lowest AI uncertainty'Buy these 2 software stocks as they are 'having the lowest AI uncertainty' - Piper Sandler
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Stock Market Today: S&P 500 rallies on tech strength ahead of big tech earningsStock Market Today: S&P 500 rallies on tech strength ahead of big tech earnings
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »