Tech sector on investors’ radar

TheStar Wed, Jan 25, 2023 12:00am - 1 week View Original


PETALING JAYA: Technology stocks, which heavily underperformed last year, may be emerging on investors’ radar globally and locally, on bets of less aggressive interest-rate hikes from the US Federal Reserve (Fed).

Smart money is, however, urging caution as the global economy slows.

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Early signs of the tech sector rebound can be seen from the Bursa Malaysia Technology Index, which is up by some 15% since mid-November, while the tech-heavy Nasdaq Index has inched up by 8% since the early part of this year.

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