Retail investors pile into beaten up tech stocks – and get whacked

Retail investors were hammered on Monday after they piled into the bombed-out technology stocks over the past few weeks, only to watch those investments get sold off again after US strikes on Iran triggered a broad sell-off across equity markets.

ASX-listed payments group Zip was Commsec’s most traded stock by individuals for two weeks in a row, closely followed by logistics software giant WiseTech. Data services company Appen has also been among the most bought in February.

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