UBS neutral on EM stocks, but likes tech

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UBS neutral on EM stocks, but likes tech

Investing.com-- UBS said it was largely neutral on broader emerging market equities amid increased political volatility and limited upside potential from higher U.S. interest rates.

“We continue to believe key AI enablers and memory-chip makers in Taiwan and South Korea will benefit from a combination of a recovery in global tech orders and overall AI-related tailwinds,” UBS analysts wrote in a recent note.From a geographical perspective, UBS said it preferred China and South Korea. Chinese markets in particular are expected to benefit from policy tailwinds, especially as Beijing moves to stabilize the property sector and shore up economic activity.

South Korea is set to benefit from improved export activity, especially in the tech sector, while local manufacturing activity was seen improving in May.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

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