Sell-off in tech stocks on Bursa seen to be overdone

Tradeview Capital chief investment officer Nixon Wong

KUALA LUMPUR: The sell-off in tech-related stocks on Bursa Malaysia this year may have been overdone, but a rebound might be on the cards soon, according to fund managers contacted by StarBiz.

“There could be a rebound in the short term, following the rebound in the United States. The sector may have been oversold and priced in most of the negatives,” said Tradeview Capital chief investment officer Nixon Wong.