From TokenPost · · 30s
HSBC Warns Tech Stocks Overvalued
HSBC says tech stocks are too low after big drop.
In brief
HSBC says tech stocks are too low after big drop. HSBC recommends adding tech stocks as valuations reflect most downside risk. Originally reported by TokenPost.
HSBC says tech stocks too low
HSBC described a recent drop in technology stocks as excessive.
Tech selloff drops nasdaq 6.4%
A technology selloff sent the Nasdaq 100 down 6.4% and erased $2.3 trillion in value.
HSBC recommends adding tech stocks
In a recent investor note, the bank recommended that investors add exposure during the weakness.
In short
HSBC recommends adding tech stocks as valuations reflect most downside risk.
