In two trading sessions, ETFs exposed to US IT stocks indices abandoned over 3% and suffered from important net outflows ($ -250 M via the primary market). The US stocks and more particularly the IT sector remains vulnerable to the President Trumps’s Twitter account activity, which he used to announce his plan to impose 10% tariffs on an additional $300 billions of import from China, beginning September 1st. On Friday, ETFs related to US IT stocks decreased by 1,67% after having conceded a negative performance of 1,40% the day before. Recent news pushed the 30-days rolling performance of this segment into negative territory, at -0,85% and over the same period, the cumulated flows are now negative at $ -200M. The US IT stocks segment gathers 7 ETFs, exposed to 7 indices, for a total of $ 27,4 Bn of assets under management.