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Risk Aversion Has Stamina as Tech Sector Quivers
Global equities trade on the back foot, with tech and mining names leading the charge lower. Yesterday stateside, U.S tech shares suffered their worst drop in over a month on concerns over trade tensions, motivated by President Trump’s protectionists’ moves. President Trumps latest plan to punish China for violations of U.S’s intellectual-property rights has the White House administration pondering a crackdown on Chinese investments in technologies the U.S considers sensitive. Amid the risk-off trading environment, U.S Treasuries have extended their price gains, pushing yields to seven-week lows. In currencies, ... (full story)
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