US-China Trade War: Boon Or Bane For FAG?
Although US President claims the huge trade deficit to be the basis of the trade war against China, most believe that the underlying issue is the threat of Chinese technology displacing the US. Although trade talks have restarted, sticky points remain to be ironed out, including the issue with Huawei. Have US tech stocks lost their shine? According to Phillip Securities Research, investors should continue to be encouraged by US tech giants’ commitment to aggressively invest in new technologies to drive innovation. The tech giants continue to show great strength in their engagement, introducing innovative cloud offerings that have the potential to disrupt industries. However, investors should also note the recent limelight of tech giants in the anti-trust investigations. That being said,