On Monday, global tech stocks showed a notable rebound following a fresh decision by US policymakers to lift tariffs on popular consumer electronics such as smartphones, laptops, and computer equipment. This move signals a shift in policy that promises relief to a sector beleaguered by supply chain challenges and rising geopolitical tensions between the US and China. As tech companies have experienced fluctuating fortunes over the past two weeks due to significant tariff-induced pressures, the gradual return of stability in pricing and supply has now reinvigorated market sentiment.
In recent days, financial markets have experienced significant fluctuations due to political changes and economic forecasts. Goldman Sachs has revised its target price for the S&P 500 index by the end of 2025, lowering it from 6500 to 6200 points, highlighting key factors influencing these adjustments.
Recent market developments have highlighted a notable shift in investor behavior, especially among Chinese tech stocks. Following a statement by former U.S. President Donald Trump regarding potential restrictions on investments between the world’s two largest economies, tech stocks experienced a steep decline. The Hang Seng Index $^HSI, a key indicator of the Hong Kong market, dropped by 4.4%, accelerating the downturn of Chinese equities in New York. However, by midday, most losses had been recouped as mainland traders invested over US$1 billion into Hong Kong-listed shares.
On February 5, news of a drop in tech stocks took the U.S. market by storm. Reports from BlockBeats indicated a general decline among high-tech giants as they began the trading day in the red. This development captivated analysts and market participants, encouraging them to reassess their strategies amid evolving conditions.
