SINGAPORE (July 16): On July 10, the technology bellwether Nasdaq Composite Index came within a whisker of its all-time high of June 20. Following a correction in early February and, again, in early April, the benchmark has been climbing higher despite rising interest rates and concerns over a trade and tariff war with China, partly because the high-growth tech sector is seen as a safe haven of sorts in the current environment. Concerns about US President Donald Trump’s policy on China’s access to key tech has in recent weeks hit stocks in the semiconductor supply chain hard, but even that has failed to halt tech stocks’ march to new peaks.

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