Business
Is the ASX tech sector in for more pain? – The Motley Fool Australia
ASX tech shares have had a rough month or two. But there’s the potential that things could get a lot worse for the tech sector going forward. Here’s why.
It’s no secret that the place to be forS&P/ASX 200 Index(ASX: XJO) gains in 2021 so far has not been the ASX tech sector. Or any ASX shares that can be called a ‘growth share’ for that matter.
Former high flyers like Afterpay Ltd(ASX: APT) and Zip Co Ltd(ASX: Z1P) have spent the last month or so coming back to earth after recovering spectacularly from the lows of the coronavirus-induced market crash last year. Since 16 February, Zip shares have lost more than 46% of their value, whilst Afterpay…
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