the selloff in technology stocks around the world in recent weeks has been nothing short of brutal. It has wiped the fortunes of tech tycoons – US$1 trillion (S$1.37 trillion) from the world’s 500 richest people. Sea Limited’s (NYSE: SE) founder Forrest Li lost 80 per cent of his US$22 billion net worth, while Amazon’s (NASDAQ: AMZN) Jeff Bezos shed US$58 billion. Nasdaq, US index home to many technology companies, has declined more than 20 per cent since its last peak in November 2021, entering bear-market territory. The slump in tech shares, which has lasted seven weeks, is the longest sustained weekly decline since 2001 when the dot-com bubble burst. The wider US market is sailing precariously close to the wind, with the S&P 500 down 19 per cent since its high in January. Only 131 of the 500 counters have managed to deliver a positive performance since the start of the year....