Free Trial

Tech stocks came under pressure

  • Some notable move lower in the Nasdaq yesterday afternoon, higher yields also not likely helping.
  • Overnight Asian tech didn't fare much better, following the US moves, with the Hang Seng falling as much as 4% overnight.
  • (As per Bloomberg), firms backed by Tencent Holdings Ltd. came under pressure after it pared investment in the sector for a second time in two weeks.
  • The Chinese tech giant cut its stake in Singapore’s Sea Ltd. on Tuesday, selling $3 billion of shares.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.