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.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe