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Biggest tech selling in a decade | Bloomberg News

The hammering in technology stocks that began to spread into the broader market Wednesday is being fueled by one of the most intense bouts of selling by professional speculators since the financial crisis. Hedge funds, which spent December unloading high-growth, high-valuation stocks, began the new year by jettisoning software and…
Mike Loewengart Benjamin Dunn Mark Freeman Goldman Sachs Group Inc Alpha Theory Advisors Asia Pacific Communication Services Index

Asian markets drop on US rate plans

Tech firms yesterday led losses across most markets following a painful sell-off in New York fueled by bets that the US Federal Reserve would embark on an aggressive campaign against soaring inflation by hiking interest rates several times. The much-anticipated release of minutes from the US central bankโ€™s policy meeting last month showed that while officials were concerned about the fast-spreading Omicron variant of SARS-CoV-2, they were confident the worldโ€™s top economy was in rude health ...
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