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ASX falls 1pc; QBE up after flagging $750m loss – The Australian Financial Review
Australian shares are trading lower through the session; the Australian dollar has risen to its highest point since April 2019; Iberdrola raises Infigen offer; retail sales tick higher in June.
State Street Global Advisors is holding some concern over the aggressive rally in tech stocks, saying it saw similarities with the dot-com boom and bust of the early 2000s.
The global fund manager noted it held concern over the growing disconnect between the expectations for company earnings and price, particularly in the tech sector.
“We have observed many parallels to the dot-com period, when speculation was high and to talk about a companys cash flow was scorned, and somehow short sighted o…
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