FRIDAY's attack by President Donald Trump on WeChat may have pushed many investors to offload Asia’s technology shares. But for some, the selloff has presented a good buying opportunity.
Her Asia Focus Equity Fund has a third of its investments in internet stocks, and beat 93% of its peers in the past year." The valuation gap had been narrowing since June, when the Asian companies traded at their cheapest since 2015. JPMorgan Asset Management’s Oliver Cox, who manages the JPMorgan Pacific Technology Fund, says the U.S.-China tiff doesn’t change the long-term story. He believes Asia has been repeating many of the U.S. trends in an earlier stage of evolution.
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