Reuters – Asian tech supplants oil as main fuel for emerging stocks

Asian IT companies now account for over a quarter of total index capitalization in emerging markets. A decade ago, they accounted for less than 12%.

June 30, 2017

‘Not very long ago, a 17 percent oil price fall would have sent emerging market stocks into a tailspin. But this year they are set for their best first half since 2014.

The reason? Like much else, emerging equities have been transformed by technology.’

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