Why Apple, Facebook, Amazon, and Other Tech Stocks Dropped Today
Mounting concerns of a potential financial crisis in China drove investors to reduce risk on Monday.
Here's how some of the largest and most popular tech stocks fared today:
China Evergrande Group is struggling to pay its bills. The mammoth Chinese property developer has warned that it could default on its debt, which, in total, is believed to exceed a staggering $300 billion. Investors, in turn, are scared that Evergrande's seemingly imminent collapse could drive China's real estate and banking industries into a crisis -- and stall its massive economy.
Source Fool.com
