Emerging Market Bargains May Lie in Communication, Tech Stocks
A pedestrian views a mobile device while walking along the Hudson River Waterfront Walkway.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Investors looking for bargains in emerging markets after three weeks of steep declines may want to start with communications and tech shares.
Stocks from both sectors are the most oversold among 11 developing-nation equity sectors, according to their relative-strength indexes -- a momentum indicator based on recent price changes. Both industry groups have an RSI under 20, well below the 30 typically regarded as the threshold for oversold.