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Selldown of tech stocks an upside catalyst amid US-China trade spat

Mimi Sabreena 3:06:00 PM Informasi

KUALA LUMPUR (April 4): With the recent selldown of technology stocks viewed to be an upside catalyst, TA Securities analyst Wilson Loo has upgraded the sector to "overweight".

Nevertheless, in a note today, Loo still views the recent trade tensions between the US and China to be a key risk to the semiconductor sector, with the US expected to soon outline a list of technology imports from China to impose tariffs on.

Year to date, Bursa Malaysia's Technology Index is down by 25.3%.

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