Societe Generale’s head of Asian equity strategy, Frank Benzimra, said markets are currently extremely sensitive to the earnings performance of technology companies.
According to Jin10, Benzimra said a key driver behind the earlier sharp market rise was the repeated upward revision of earnings expectations.
He said that if investors begin to doubt whether those earnings upgrades can continue, market sentiment can quickly turn tense.
Benzimra also noted that some capital previously moved into leveraged ETFs, and the structure of these products can amplify declines during sell-offs, adding to overall market volatility.
STOCKS | Markets Show Heightened Sensitivity to Tech Earnings, Strategist Says
2026-06-08 04:17:30
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