J. Safra Sarasin cuts Asia EM tech exposure on retail speculation fears

Dong Chen, Bank J Safra Sarasin

Bank J. Safra Sarasin has downgraded emerging market equities to neutral, locking in gains from the AI-driven rallies in Taiwan and South Korea as speculative retail money triggers sharp market volatility. The Swiss pure play is also maintaining its overweight on US equities, driven by the strong earnings growth and upward revisions in earnings, despite concerns around high valuations in…

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