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Making tech investors sweat

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.

The information presented herein is prepared by and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.                                                                                                                            Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation.Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.

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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. 

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