A historic fall in the chipmaker’s shares was followed by news it is in the sights of competition regulators. Nervous investors are looking over their shoulders.
Hendrik du Toit, the founder and chief executive of the $250 billion asset manager Ninety One, can understand why investors have herded into the US sharemarket, the magnificent seven tech stocks particularly.
US dominance of capital markets is at a peak, and the nation’s policymakers are “favouring their own”. Throw in geopolitical uncertainty, and the response by investors is logical.
Loading...
James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
