The Nasdaq 100 tumbled 7.5% this week as what started as an aggressive selloff in speculative corners spread to the rest of the market.
More than $1.7 trillion in value has been erased from the Nasdaq 100 in January, with the tech-heavy gauge entering a correction this week after falling more than 10% from a recent peak
Goldman Sachs expects Fed to hike rates four times in 2022; Tesla down on price hike plan for driver assistant software
US yields rose as bond investors geared up for interest rate hikes from the Federal Reserve by mid-year to curb stubbornly high inflation
Covid-19 has accelerated the growth of IT companies with rise in demand for digitisation
Market observers say this is an indication that money managers have turned defensive amid a spike in volatility
Shares were mostly higher in Europe and Asia on Friday after technology companies powered the biggest rally on Wall Street since March. Investors have been encouraged by strong earnings reports, as every S&P 500 company that has reported earnings this week has beaten forecasts. Overall, it is safe to say that the U.S. equity market is fully in a risk-on mode and traders aren't afraid in backing riskier assets," Naeem Aslam of Avatrade said in a commentary. Inflation remains a key concern, and Friday will bring an update on how higher prices may be affecting consumer spending when the Commerce Department releases retail sales for September. Germany's DAX edged 0.2% higher to 15,493.34 and the CAC 40 in Paris climbed 0.4% to 6,712.55. Britain's FTSE 100 added 0.2% to 7,224.41. The future for the S&P 500 was 0.3% higher while the contract for the Dow industrials gained 0.4%. In Asian trading, Tokyo's Nikkei 225 added 1.8% to to 29,068.63 and the Hang Seng climbed 1.5% to ...
Technology stocks and emerging-Asian markets are among those most at risk, while cyclical shares and the assets of energy-exporting nations are seen as possible havens
The Hang Seng Tech Index, which officially started in July last year, dropped as much as 2.5% to slip below the previous closing low on Aug. 20
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The Dow Jones Industrial Average fell 569.38 points, or 1.63%, to 34,299.99
Traders mulled a report that the government intends to break up Ant Group Co.'s Alipay business
The Hang Seng Tech Index advanced 2.9% on Friday, pushing the index up a third straight week.
The Hang Seng Tech Index tumbled 4.5% as of 3:51 p.m. local time, with Tencent Holdings Ltd. dropping by almost twice that amount in its worst day in five weeks.
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Beijing has expanded its clampdown on private industry to tutoring companies and online gaming in a bid to reduce the wealth gap.
The Hang Seng Tech Index closed 0.2 per cent lower in Hong Kong after rising as much as 2 per cent in the morning
Japanese group to cut China investments until tech sector scrutiny clarifies
Asian shares headed lower on Friday as profit-taking in Taiwanese chip giant TSMC, despite record profits, weighed on other tech firms and broader risk sentiment
Nine of the 11 major S&P 500 sector indexes were trading lower, with the defensive real estate and utilities sectors leading declines.