UBS neutral on emerging market stocks, positive on tech

From Investing.com: 2024-06-24 00:52:38

UBS neutral on EM equities due to political volatility and limited upside from higher U.S. rates. Favors EM tech stocks, particularly AI enablers and memory-chip makers in Taiwan and South Korea. Geographically prefers China and South Korea, citing positive earnings revisions and potential for consumption recovery. China and South Korea markets saw recovery, but Chinese stocks weakened in June over trade war concerns with EU. South Korea benefits from export activity and improved tech sector.



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