Market Views: the Meta fall and what it means for investors

Dragged down by less-than-satisfactory financial results, Facebook and Instagram owner Meta last week saw more than $230 billion wiped off its market value, marking the biggest one-day drop for any US stock in history. While some asset managers believe that US stocks in general are primed for a correction, some are banking on robust fundamentals to underpin the tech market while others still are shifting to Asian, especially Chinese, stocks and away from the US. The sharp declin…