Global money ditches big tech for a new group of stocks — FAANG 2.0

Global money ditches big tech for a new group of stocks — FAANG 2.0

Photo: Gilly/ Unsplash.com

A new trend is emerging in global stock markets as investors began to shift focus from globalization to a “divided world” after the Russian invasion of Ukraine. Shares of once-highflying tech giants have slumped, while those in more mundane sectors like energy and agriculture are performing well.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter