The technology-led sell-off of growth stocks is buffeting global stock markets. The Nasdaq Composite fell as much as 11% from its all-time high (at the point of writing), a mark it hit barely a month back, and is sitting on a loss of 2.1% for 2021. By comparison, the broader Standard & Poor’s 500 index is holding up better, down only 3.3% from recent highs and up 2.3% year to date.

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