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ASX tech correction? 10 of the worst-hit shares
Sebastian Bowen | March 9, 2021 4:57pm |
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It certainly has not been a good month to own ASX tech shares. As we reported this morning, the
S&P/ASX All Technology Index (ASX: XTX) is way past being in a technical ‘correction’ (a drop of 10% from the most recent high). In fact, it is now on the edge of being in an actual bear market (a drop of 20%-plus), since it has fallen more than 18% since 10 February.
The phrase ‘bear market’ hasn’t been in play on the ASX for almost a year now, so this is certainly a dramatic turn of fortune.