The tech stocks in danger as Switzerland moves to stabilize Franc - Asia Markets
6/19/2022 12:00:00 AM2 years 10 months ago
by Henry Chia
by Henry Chia
Analysts believe Switzerland could be on the cusp of liquidating some, or all, of the U.S. tech stocks held by the country's central bank.
Once regarded as a safe-haven currency, the Swiss Franc has weakened to multi-year lows against the USD in 2022. Now, after announcing its first rate hike since 2007 this week, Swiss National Bank … [+2714 chars]
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