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Updated · Bloomberg · Jul 1Asian Equities Slip 0.3% as Tech Rally Pauses After Best Quarter in 17 Years
3 articles · Updated · Bloomberg · Jul 1Summary
- MSCI’s Asia regional equities gauge fell 0.3%, ending a two-day advance as investors turned more cautious at the start of July trading.
- Chipmakers and other tech stocks had driven the region to its strongest quarter in 17 years, prompting some investors to pull back after the rally.
- South Korea’s benchmark index dropped 1.8%, while markets in Japan and Taiwan still rose; Hong Kong was shut for a public holiday.
Insights
Is this week's tech sell-off a healthy correction or the start of the great AI bubble bursting? Will the AI investment boom overcome the rising threats of global inflation and geopolitical conflict?