Market Flash: Erratic Trading

Equity market trading was erratic over the week. On the one hand, investors were reassured by this weekend’s start to talks between China and the US. China is moving towards significant concessions, opening up its domestic market and companies and striving to buy more US goods. But on the other, US tech stocks fell victim to profit taking. The Facebook affair could well mean tighter regulation, especially for lightly-regulated tech oligopolies. Elsewhere, the fatal accident during an Uber driverless car test suggested that what is a growth driver for the tech sector could take longer than expected to gain traction.