Is Europe the New FAANG? Not So Fast

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European stock markets look a bit more like the technology-rich Nasdaq than they used to. Looks, though, can be deceptive.

On Tuesday, the Nasdaq Composite fell again, taking the total drop since last week’s peak to 10%—so-called correction territory. This is partly the result of unraveling bets made through options contracts by both a wave of amateur day traders and mammoth Japanese investor SoftBank. European equities have fared better, falling less than 2%. They even managed to pull off an impressive contrarian rally on…

A Global Asset Management Seoul Korea Magazine

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