Shares of technology companies fell as traders retreated from risky sectors due to concerns about Middle East conflict and tariff negotiations.
The European Union's technology regulators have sent questionnaires to Elon Musk's X after his xAI business acquired the social network this year. China's second-largest shopping event of the year, the "618" festival from mid-May to mid-June, generated record sales, with online spending by consumers exceeding $100 billion as government measures bolstered consumption among cautious households.
Chinese technology firms are among those that could continue to outperform U.S. peers during a time of geopolitical shifts, said one money manager. "Fiscal and monetary changes made in response to Trump administration policies could provide new sources of growth in ex U.S. markets," said strategists at money manager Janus Henderson.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-20-25 1745ET
