Analysts, although initially confounded by the sudden downward move in these technology stocks, said it was not such a surprising thing after all in hindsight. However, they were not so sure if the correction would sustain itself in the coming days or if it would be a buying opportunity.
PETALING JAYA: A tech bubble resurfacing in the US equity markets may be the reason for the correction among technology stocks listed on Bursa Malaysia.
While the tech-heavy Nasdaq rebounded on Tuesday after the biggest back-to-back decline since December last Friday and this Monday, sentiment turned a bit more cautious, with reports warning of stretched valuations for tech stocks.
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