Tech stocks plummet due to US-China conflict

Jamie McKane

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Tech stocks plummet due to US-China conflict

An escalating face-off between the world’s two largest economies has caught Asian technology shares in the middle, hammering those with the most at stake.

The MSCI AC Asia Pacific Infotech Index hit the lowest since July 2017 on Friday as investors digested a Bloomberg News report that Beijing had hacked American computer networks using a microchip built by its spies.

[Bloomberg]
 
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