Sakthi Siva of Credit Suisse said, "The MSCI Asia ex-Japan Tech is up 40 percent from the lows in late January. For investors like us who are overweight tech, the key question is whether to take profit, particularly as cyclicals have outperformed defensives by 12.8 percent from the lows, and the cyclicals to defensives P/B gap has narrowed sharply to -0.42x, close to the -0.36x historical average.""While we are sticking with our overweight in tech, we are suggesting a switch to banks for investors who want to take profit. One of the top picks from the CS regional portfolio is HCL Tech," he added.
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