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Making tech investors sweat

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Miguel A. Rodriguez
Miguel A. Rodriguez
26 March 2021
Tencent's reassurances on China's tech clampdown leave investors unimpressed.
  • Shares of the Hong Kong-listed web giant #Tencent have plunged over 20% from their January high, wiping out more than $200 billion in market value as Beijing made clear its intention to clampdown on the sector.
  • Internet of Things platform IoTeX's Pebble Tracker is able to capture real world data and record it securely for a variety of use cases, including vaccine traceability, NFTs, and collectibles.
  • The technology-heavy #Nasdaq led Wall Street lower as a rotation out of richly valued stocks into underpriced sectors added to pressure from end-of-quarter rebalancing by institutional investors.

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.