While investors have gotten used to the ups and downs of the US-China tariff war, the (possible) looming tech war is causing more serious worries, Nicholas Spiro writes in the South China Morning Post. Investors are over-exposed to the tech industry, which faces new questions after President Trump's ban on Huawei, Spiro writes, predicting a sell-off of tech stocks might be necessary to steer Washington and Beijing off a collision course. A tech war could escalate quickly, The Economist writes: If China retaliates by banning Apple or another American firm, the US might suspend trading of Chinese companies listed on the New York exchanges. Chinese firms traded on the NYSE have exemplified the globalized marketplace of tech and investment, and firms like Alibaba are growing wary that the US might not be a sustainable home for their stocks in the long term, the magazine cautions. |
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