Global tech stocks surge as US rally triggers a rush for winners

July 21, 2023

The MSCI Japan IT index has surged 36% so far this year, while the MSCI Taiwan and Europe IT indices have rallied 30% and 25%, respectively. The MSCI Korea IT index has risen 31% since January 1. China remains an outlier, weighed down by economic troubles in the world’s second-largest economy.

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