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UBS On-Air: Paul Donovan Daily Audio 'Tech vibes'
Published 1 month, 3 weeks ago
Description
Technology stocks have had another episode of weakness, with trading in the South Korean market suspended after an 8% decline. This is still not enough to change perceptions of consumer spending —yesterday’s US data was a reminder that monthly cash savings have provided the resources to support consumer spending. However, a moderation of real world investment in tech does have economic implications, not least because tech investment has cannibalized non-tech investment.