Sep 24, 2026 · 11 min · 7 segments
While Chinese equities have lagged other emerging markets recently, a powerful innovation ecosystem is accelerating beneath the surface. In this episode of *Talking Heads*, Daniel Morris, Chief Market…
David ChoiGuestDaniel MorrisHostUnfortunately, it's near the bottom of the list in the MSCI EM index this year.
Tech hardware and semiconductors have done well more or less everywhere, but China's lagged even there.
And then if you look at non-tech stocks in China, they're down year to date where you're up about 7% in the rest of the EM.
If we think about the lag then of Chinese equities versus other emerging markets year to date, is it a trend that could continue through the rest of 26 or even into next year?
And even though China's index has been going nowhere this year, within the market, the innovation or tech-focused segment has risen quite a lot.
Unfortunately, it's near the bottom of the list in the MSCI EM index this year.
Tech hardware and semiconductors have done well more or less everywhere, but China's lagged even there.
And then if you look at non-tech stocks in China, they're down year to date where you're up about 7% in the rest of the EM.
If we think about the lag then of Chinese equities versus other emerging markets year to date, is it a trend that could continue through the rest of 26 or even into next year?
And even though China's index has been going nowhere this year, within the market, the innovation or tech-focused segment has risen quite a lot.
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