Shares in Taiwan, South Korea and the tech hardware sector “have over-delivered” this year and are looking particularly vulnerable to shockwaves from the US banking stress, according to Goldman Sachs Group Inc.
Taiwan and the information technology sector are more sensitive to US financial conditions and economic growth than most other parts of the Asia-Pacific region excluding Japan, strategists including Timothy Moe wrote in a note Friday. These areas, as well as Korea, have yet to price in recent macro developments, they said.
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