News Formal

Tech stocks poised for a comeback, says equity manager

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

As tech giants' power is likely to be curbed by US authorities, Stonehage Fleming says it will ‘only affect some businesses to some extent’

A Google sign at theWorld Artificial Intelligence Conference in Shanghai, China, September 17 2018. Picture: REUTERS/ALY SONG

Despite rallying 2.7% on Tuesday after US Federal Reserve chair Jerome Powell said the central bank could cut rates, the tech-heavy Nasdaq Composite remained 7.8% down from its close on May 3. Tencent has slipped 14.6% since May 3, while Naspers has declined about 9%, propped up by the weaker rand and plans to list its international internet assets in Europe. Naspers’s decline has dented the JSE, given its hefty weighting in local indices.

“The anti-trust probes will affect only some businesses to some extent, and it may take very long before that happens,” said Smit. “In those cases, valuations already reflect some of those risks.”

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 12. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

BUSINESS MAVERICK: Forget fintech, it is Big Tech that banks should fear the mostWhile fintech start-ups have slightly rattled the cages of traditional global banks, the establishment is as strong as ever. But Facebook and Amazon are about to enter their turf, and given their power and size, banking as we know it might not survive the onslaught.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

US ban has 'no effect' on Huawei's aviation businessUS moves against Chinese tech titan Huawei have had 'no effect' on the firm's aviation business despite several countries taking steps to block its mobile services, a top company executive said Monday.
แหล่ง: TimesLIVE - 🏆 28. / 59 อ่านเพิ่มเติม »

Business Maverick: U.S. probe of Google’s online ad dominance would appease long suffering rivals, publishersAd tech firms and publishers have had to stay in the good graces of Google or risk insolvency. For them at least, the US Justice Department probe is welcome.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Grindrod said to seek equity partner for banking businessGrindrod Bank is 28% black-owned, and it has been investigating growth opportunities for the business over the past year
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »