Tech Biz Replay: European & Asian Tech & Telecom Stocks TAKE OFF
The European Central Bank’s current moves to reinforce bond markets on the Continent have the attention of investors in European tech and telecom stocks that carrying heavy debt loads. Newly-found optimism in the sector lends itself to shares of Nokia Corporation (NYSE:NOK), Alcatel-Lucent (NYSE:ALU), and Telecom Italia S.P.A. (NYSE:TI) on Friday. In addition, several Asian tech names are also posting impressive gains, linked to both the European situation and also in the wake of a new stimulus plan for China. Youku.com Inc. (NYSE:YOKU) and Spreadtrum Communications, Inc. (NASDAQ:SPRD) are among the strongest gainers.
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