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Tech-heavy Nasdaq registers its lowest close since July 2020

Published

3 years ago

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The Nasdaq has shed a full percent in its lowest close since July 2020

Investors are worried about the impacts of rising interest rates and global inflation.

It follows a string of events like U.S. restrictions to limit China’s semiconductor market, and tighter monetary policies.

The U.S Fed Reserve says economies are slowing faster than expected, but the full brunt of interest rate increases won’t happen for months.

Jimmy Lee is from the Wealth Consulting Group, who shines a light on the evolving situation.

As investors wait for more inflation data, there are third-quarter earnings posting later this week.

Major banks are set to drive some of the big changes on Friday.

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Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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