Asian tech has been hammered over the last 12-months making the 22% pullback by the NASDAQ look positively bullish! The BetaShares Technology Tigers ETF (ASIA) which houses Asia facing tech more than halved finding very little support from any of the technology hubs in China, Korea or Taiwan – the only question was how far were they down. We believe the overall sector is oversold and cheap hence today we’ve picked our favourite 4 right here right now with one eye deliberately looking for variance across their respective recovery cycle.
We are comfortable buying the ASIA ETF under $8.00 but would leave a little cash on the sidelines to average if we see another dip towards $7-7.50.
MM likes ASIA under $8.00
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