A tale of two markets: tech versus travel and retail
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
IT'S a tale of two markets as global technology companies thrive in the pandemic era while travel companies and retailers cling on for dear life.
US tech stocks hit new records after earnings growth surpassed lofty expectations, making a mockery of Washington's attempt to bring the companies to heel, while retailers and travel companies slid on fears of a fiscal cliff.
This split may persist this week, especially if a stalemate between Republicans and Democrats on a fiscal stimulus bill continues despite weak July jobs numbers.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
A new logic of China-Asean economic integration emerges from the Middle East conflict
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
