The China Internet ETF fell nearly 3%, with investor sentiment leaning cautious; the Russell 2000 ETF dropped 0.4%, small-cap stocks typically underperform during times of high uncertainty, and this time was no exception; the Information Technology ETF fell over 1.4%, with the tech sector overall under macro pressure.
All three are moving in the same direction, reflecting the same thing—a contraction in risk appetite, with capital on the sidelines 😔
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