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Add as a preferred source on GoogleHSBC Says Technology Stock Pullback Has Become Excessive
The bank said current valuations reflect much of the downside risk and recommended adding exposure during the selloff.
HSBC described a recent drop in technology stocks as excessive, saying current valuations already reflect much of the downside risk. In a recent investor note, the bank recommended that investors add exposure during the weakness. A technology selloff sent the Nasdaq 100 down 6.4% and erased $2.3 trillion in value.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.