One of the reasons for the Nasdaq outperformance in recent weeks has been that its demand has held up versus wider business owing to the great decentralisation.
This was a once-off tech build-out as the entire world outfitted home offices. Just visit your local Officeworks to see it in action.
South Korean exports are a great leading indicator for global tech supply chains and had held up quite well through the first months of the global shock. No longer.
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