After the $1.4 Trillion Rout, Asia's Tech Bulls Get Picky
- Be selective and expect volatility to continue: fund managers
- MSCI Asia Pacific Infotech gauge has slumped 20% this year
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More than $1.4 trillion of equity value has been zapped in the worst year for Asia tech stocks in a decade. For bulls, it’s a test of nerves.
While the rout has left many dazed, they see prospects for earnings growth unchanged, with demand for parts and processors burgeoning among auto and consumer-device makers. Choose wisely and be selective, they say -- volatility is unlikely to dissipate with the U.S. and China arguing over trade.