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Nasdaq 100 loses US$1 trillion in value — again

Bloomberg
Bloomberg4/11/2022 10:16 PM GMT+08  • 3 min read
Nasdaq 100 loses US$1 trillion in value — again
"It's too early to turn positive on US tech stocks." - Edmund Shing of BNP Paribas Wealth / Bloomberg
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The Nasdaq 100 Index lost more than US$1 trillion in market value in the past four sessions. Its roller-coaster ride may have just begun.

The tech-heavy benchmark now has seen more than $1 trillion evaporate from peak to trough every month this year, as tighter monetary policy and surging bond yields ignite concern among investors that the economy is headed for a recession.

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