Tech valuation dispersion in large EM has narrowed

On valuation versus history, greatest relative value in:
Large EM: Alibaba (regulatory risk and government interference)
Small EM: Mercado Libre and (loss-making) Jumia and Sea

Korea-Taiwan Hardware (TSMC) at discounts versus Indian IT Services (even Wipro)

Regional indices are averages of the stocks listed under each group, weighted by market capitalisation.
Chart: Hasnain Malik Source: Bloomberg (30 Jan 2023), Tellimer Research Get the data