Global markets: tech-stock slide continues

Global markets: tech-stock slide continues
Global markets: tech-stock slide continues
A decline in technology stocks continued Tuesday in Asia after the tech-heavy Nasdaq Composite slipped 1.1% Monday. “Investors are rotating out from the valuation-rich sector in an attempt to lock in profits” as the U.S. tax overhaul grinds on, said Margaret Yang, a market analyst at CMC Markets. Taiwan’s Taiex finished down 0.8% as index heavyweight Taiwan Semiconductor shed a further 1.9%. Its downgrade at the start of last week, along with that of fellow chip giant Samsung, set off a tech sli…
Global markets: tech-stock slide continues