Top Australian Pensions Cut US Tech Stocks Ahead of Rebound

Bloomberg TechnologyThursday, October 16, 2025 at 8:08:38 PM
NegativeTechnology
Top Australian Pensions Cut US Tech Stocks Ahead of Rebound
Australia's leading pension funds have reduced their investments in the US tech giants known as the Magnificent Seven just before these stocks surged to new highs. This move highlights the difficulties these funds face in adapting to the rapidly changing market driven by AI advancements. As these tech stocks continue to perform well, the decision to cut back could impact the funds' ability to deliver strong returns for their members.
— Curated by the World Pulse Now AI Editorial System

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