Yoong points out the technology sector on Bursa Malaysia is trading at very steep double-digit valuations.
THE artificial intelligence (AI) and technology-led rally in both Malaysian and global stocks is seen to be fading, even as the market searches for new leaders to emerge and drive growth.
High valuations, coupled with realism and caution on new geopolitical developments, appear to have caused the recent correction in big global tech names, which have seen a strong surge since the beginning of 2023.
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