Key facts
- Nomura CIO Julia Wang commented on the Asian chips rally.
- Wang stated the rally is mostly justified by earnings growth.
- She also noted that valuations have reset.
- Comments were made at the Nomura Investment Forum Asia in Singapore.
Julia Wang, North Asia CIO at Nomura International Wealth Management, expressed her view on the recent performance of chip stocks in Asia. Speaking with Haslinda Amin from Bloomberg on the sidelines of the Nomura Investment Forum Asia in Singapore, Wang suggested that the rally in the sector is predominantly supported by actual earnings growth. However, she also acknowledged that the market valuations for these companies have undergone a reset, implying a more balanced pricing environment.