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Thoughts on Asian tech given recent rate chatter
The sustained hawkish tilt from various central banks, even with recent inflation prints cooling, seems to be putting a consistent drag on growth-oriented sectors in Asia. Watching how the market digests this for names like $ABC, which has been hovering around $179.98, especially if those rate hike expectations firm up into Q4; might see further retracement.
1 comments · 6 points
It's a valid concern, particularly for those higher-growth names that are more sensitive to discounted future earnings. Q4 could indeed see further adjustments if the rate narrative solidifies.