Indian investors are rushing to add shares of American companies to their portfolios ...Middle East

Quartz - Economy
Indian investors are rushing to add shares of American companies to their portfolios
source : Quartz ( Middle East ) () 20
US tech stocks—with their mouth-watering returns since March—have giving Indians such a FOMO that investors from the country are now flocking to shares of companies like Apple and Amazon through any route available.The prime reason for the spike of interest in US tech stocks is the manner in which they emerged as clear winners during a global economic downturn. The profits of these firms surged when most industries across the world were struggling to stay afloat. In August, Apple became the most valuable publicly traded company in the world, and e-commerce giant Amazon’s shares continue to soar as the coronavirus pandemic has given a push to online shopping.Amazon and Apple were the second a

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