Business
Why February was a shocker for ASX 200 tech shares – The Motley Fool Australia
February saw ASX 200 tech shares sink lower, with heavyweights such as Afterpay Ltd (ASX: APT) sinking 12% last month
February just didn’t seem fair for ASX 200 tech share investors. The S&P/ASX 200 Info Tech (ASX: XIJ) index slumped by more than 10% despite the ASX 200 closing 1% higher in February.
It wasn’t just ASX 200 tech shares struggling in February
It wasn’t just ASX 200 tech shares that found February to be a challenging month. A similar narrative played out in the US, where the tech-heavy Nasdaq Composite (INDEXNASDAQ: .IXIC) found itself up more than 8% by mid-February before giving up all its gains…
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