ASX Tech Stocks Sell Off: Investors Get Caught in Geopolitics

Retail investors who piled back into beaten-down technology stocks over the past few weeks were dealt a harsh reminder on Monday: macro risk can overwhelm micro conviction.

After a bruising sell-off earlier this year driven by fears of artificial intelligence disruption, the so-called “SaaSpocalypse," individual investors had started buying the dip. Zip, WiseTech Global, Xero and Appen were among the most traded names on retail platforms. Exchange-traded fund flows into Australian tech surged, with a record $107 million funnelled into Betashares’ ASX technology ETF as investors framed the sell-off as a long-term entry point. . .