After $690 Billion Slump, Traders See Value in Asia Tech Stocks
- Asia’s tech gauge is down more than 10% from a Jan. peak
- Investors weigh secular growth trends against high valuations
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Asian tech shares haven’t been immune from the global selloff in speculative assets, but investors are sifting through the ashes and some see buying opportunities.
JPMorgan Asset Management is suggesting that investors buy the dip as combined losses in the region’s technology and consumer discretionary sectors hit about $690 billion from their first-quarter peaks. Pictet Asset Management says Asia’s tech exporters are “vital to the world” and will see their roles grow.