China’s tech stocks enter bear market territory

Earnings and Big Tech remain in focus, with Alphabet beating Wall Street’s expectations but causing some investors to take flight in the wake of projected capex spending. The rotation out of tech stocks continued on Wednesday - the Nasdaq Composite dropped 1.5%. China’s Hong Kong-listed technology stocks slid overnight with the Hang Seng Tech Index now 20% below its October peak. The threat of VAT increases being imposed on internet platforms exacerbated the move. The ECB and the Bank of England are both expected to keep rates on hold today. With investors hypnotised by swings in gold and silver prices this year, it’s easy to lose sight of oil and natural gas markets.  In light of the current geopolitical tensions impacting these markets, Norbert Rücker, Head of Economics and Next Generation Research joins the podcast to put things in perspective.

• (00:00) - Introduction: Roman Canziani, Head of Product & Investment Content
• (00:38) - Markets wrap-up: Bernadette Anderko, Product & Investment Content
• (05:58) - Oil and Gas: Norbert Rücker, Head of Macro & Next Generation Research
• (12:01) - Closing remarks: Roman Canziani, Head of Product & Investment Content

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