Four areas that informed our approach to Asian equity markets over the past month

Focusing on companies geared to large domestic markets and structural growth areas The ongoing debate on whether inflation will force sooner-than-expected monetary tightening has been joined by the worry that new waves of the Delta variant will delay the anticipated recovery by the economy. More than four years ago, we had presented the argument that "big tech" in China was in fact similar to regulated utilities in other parts of the world - ubiquitous, nearly free, serving a public utility function (ordering food, getting to work, buying groceries, booking restaurants, shopping, and e...