©Reuters
NEW YORK (dpa-AFX) – Further easing of the coronavirus in China pushed tech stocks lower again after Christmas in the New York stock market. The Chinese government had announced that it would end the quarantine requirement for travelers to the country. The resulting improved economic outlook has raised concerns about high inflation and rising bond market yields, which typically hurt interest-sensitive tech stocks.
The high-tech index lost 1.48% to 10,822.51 points on Tuesday. The breadth of the market fell by 0.40% to 3829.25 points. The leading industrial index fared better, up 0.11% to 33,241.56 points.
