Alibaba and Tencent (WeChat owner) are the two largest stocks in the MSCI EM index (with about 7.4% and 6.3% weights, respectively) and both fell about 5% the day after Trump's executive order. The tide may be turning not so much on the adoption of n...

Last month, I looked at how the Wirecard saga showed that political risk is not just an EM problem and that fintech investors need to look beyond growth to understand partnership and infrastructure risk. At the same time, I realised that, despite gro...

With the second wave of the coronavirus pandemic, economic recovery will take longer than we expected because of weaker domestic consumption. Average liquidity from the start of the second wave until now was only VND4,200bn, fading out in the past fe...

This is a particularly thorny issue for EM investors because of the dominance China technology-related companies now have in the EM equity index (c25% weight) and the continued out-performance of that index by those companies and other EM tech compan...

Intel's market capitalisation fell by about US$40bn after its quarterly call (23 July night) while TSMC rose by almost an equivalent amount. Its performance ytd is in line with the two largest EM stocks, Alibaba and Tencent. TSMC forward consensus PE...

Technological innovators are disrupting business, enabled by the increasing prevalence and power of smartphones. In this in-depth report, part of our new series on technological disruption in emerging markets, we examine one such industry – digital f...