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Tech overthrows financials as king of emerging markets

Tech stocks also led the S&P 500 Index last quarter with a 12% gain

Technology shares have outperformed both industrial and financial stocks every year since 2011 in the MSCI Emerging Markets Index. Samsung Electronics Co handed investors a 132 per cent return.

Hong Kong

THE rally in technology stocks may have more room to run after the industry overthrew financials as the main driver of emerging market shares last quarter.

Firms from South Korean phone makers to China's biggest internet company helped drive a 17 per cent surge in...

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