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The technology sector posted strong year-over-year and quarter-over-quarter growth of 9.4% and 10.8%, respectively, in the third quarter.
Overall, growth was led by the Internet and Semiconductors sectors.
Though market sentiments improved, technology M&A remained slow during the quarter.
The global technology IPO market posted positive performance for the second consecutive quarter, delivering 43% sequential growth from 20 tech IPOs compared to 14 tech IPOs in Q2 2016, and a 264% increase in total proceeds.
The financial markets and world economy showed mixed performance in the third quarter. Europe remained flat, with GDP growth of 0.3% while the US economy grew by 3.2%, the strongest growth registered this year.