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ASIA Tech Tigers ready to Roar!

Posted on July 25, 2023

US Tech stocks have been on fire this year with the AI boom helping send the NASDAQ higher by about 33%.

Meanwhile the Betashares Asia Tech Tigers has chopped around and is basically flat since the start of the year.

We put the serious underperformance of Chinese Tech down to President Xi’s heavy crackdown of the sector which he began back in August of 2021.

President Xi was seeing the damage technology was doing to the Chinese culture and in particular the youth, so he implemented a series of restrictions and policies that really hammered the sector.

Well it now appears that President Xi is happy with the current situation so is now encouraging officials to promote growth again and that includes AI. The policy shift is likely to see investor confidence return in a big way.

Our preferred exposure is ASIA Tech Tigers ETF (ASIA) Last sale $7.50

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