MARKET WRAP: Rotation out of major tech stocks weighs on markets
Friction between the US and China over semiconductors puts a damper on shares across the globe
19 July 2024 - 18:43
While the JSE pared some losses on Friday, global stock markets remained under pressure as investors weighed potential US-China tension and the prospect of an interest rate cut by the Federal Reserve.
A continuation of the broader shift away from major tech stocks this week weighed on global markets as investors dumped shares of artificial intelligence companies amid the growing likelihood of a September interest rate cut by the Fed...
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