Veteran strategist David Roche explains why he thinks it’s ‘too risky’ to own Chinese tech stocks

Veteran strategist David Roche explains why he thinks it’s ‘too risky’ to own Chinese tech stocks

Veteran investment strategist David Roche said it's "too risky" to own Chinese technology stocks given an ongoing regulatory crackdown in China and the geopolitical rivalry between Washington and Beijing. "There are a lot of issues to do with politics. There are a lot of issues to do with the availability of technology, which personally I don't want to take those risks in a portfolio at the present time," Roche, president and global strategist at Independent Strategy, told CNBC's " " on Monday. U.S.-China relations were already rocky as President took office, and some observers have warned that imposed by his predecessor . That includes export controls on Chinese telecommunications equipment maker Huawei and top chipmaker . Tensions with the U.S. and its allies mean that China "will have problem in accessing the high end of things like robots and the high end, in particular, of semiconductors," said Roche. At the same time, Chinese regulators have on some of the country's largest tech firms — including e-commerce giant and ride-hailing app Roche said the crackdown adds uncertainty and makes companies, such as those in the financial technology space, less profitable and less attractive to investors. Investment case for Taiwan While