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DBS Bank overweight equities with ‘huge’ tech-related exposure

Hou Wey Fook

DBS Bank is overweight on those stocks with ‘huge’ technology-related exposure, although the ‘new economy’ sector has reached a record high, which may raise concern over valuations. In the bank’s 3Q20 market outlook, Hou Wey Fook, CIO at DBS Bank, said that while the COVID-19 crisis is putting downward pressures on both economic and corporate earnings growth across the board, there…

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