Investors seek opportunities in cheaper Chinese tech stocks
It's been a tough year for China's tech sector as it wrangles with punitive central government policies, but asset managers are scenting a fire sale in what they see as underpriced stocks.
Chinese tech stocks - especially those listed in the US and Hong Kong - may have been subject to significant sell-off over the past few months, but cautious investors are now shifting their portfolio strategies to capture opportunities from the high-growth sector.
In 2021, the shareprice of big tech names like Alibaba and Tencent were hammered following a regulatory crackdown, with the Nasdaq OMX China Technology index losing as much as 27% in 2021. However, investors are now hopi…
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